| 研究生: |
陳潔萱 Chen, Sarah |
|---|---|
| 論文名稱: |
生技製藥產業併購策略─羅氏集團與基因科技公司個案研究 Strategic merger & acquisition in bio-pharmaceutical industry-Roche and genentech case study |
| 指導教授: |
何小台
Ho, Chester |
| 學位類別: |
碩士
Master |
| 系所名稱: |
商學院 - 國際經營管理英語碩士學位學程(IMBA) International MBA Program College of Commerce(IMBA) |
| 論文出版年: | 2010 |
| 畢業學年度: | 98 |
| 語文別: | 中文 |
| 論文頁數: | 42 |
| 中文關鍵詞: | 生技製藥 |
| 相關次數: | 點閱:390 下載:0 |
| 分享至: |
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生技製藥產業併購策略
The biotechnology companies started with the development of genetic engineering and antibody production in the U.S. and until today U.S. is still the leader in this industry. In recent years, they are becoming particular interest to established pharmaceutical companies. This thesis will first introduce the characteristic of pharmaceutical industry and its current situations, Next to explain pharmaceutical company’s unique relationship with biotechnology by studying the merger and acquisition case of Roche and Genentech. With the results, we will have better understanding of the business challenge and strategy for the industry.
International MBA Program i
College of Commerce i
National Chengchi University i
A Thesis i
1. Introduction 1
1.1. Research Background and Motive 1
1.2. Research Objective 2
2. Motivation for Merger and Acquisition 3
2.1. Value Creation Theory 3
2.2. The Synergy Creation Theory 3
2.3. The Disciplinary Takeover Theory 4
3. Company Background 5
3.1. The Roche Group 5
3.1.1. History and Background 5
3.1.2. Company Structure 6
3.1.3. Financial Result 8
3.1.4. Product and Services 9
3.1.5. Corporate Strategy 10
3.2. The Genentech Group 11
3.2.1. History and Background 11
3.2.2. Company Structure 11
3.2.3. Financial Result 12
3.2.4. Product and Services 13
3.2.5. Corporate Strategy 14
4. Industry Analysis 16
4.1. Industry Overview 16
4.2. Industry Risk 17
4.2.1. Research & Development Risk 18
4.2.2. Risk of Substitute Products 22
4.2.3. Regulation Risk 25
4.2.4. Product Promotion Risk 26
4.3. Industry Trend 27
4.3.1. Cost Saving 27
4.3.2. More Mergers and Acquisition to Come 28
4.3.3. Personalized HealthCare 31
5. Merger Transaction Case Analysis 32
5.1. Brief History of the First Acquisition in 1990 32
5.2. Roche Offer to Acquire all Outstanding Shares of Genentech 34
5.3. The Challenge Ahead 37
5.3.1. Keeping the Genentech Culture 37
5.3.2. The New Structure 38
5.3.3. Why Now 39
5.3.4. Financial Value Drivers 40
6. Summary and Conclusion 42
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