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TFE_Xavier_Lories.pdf
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- Abstract
- Reception of letters denying access to the American market can be very damaging for a pharmaceutical company. Indeed, such a letter, at best, delays important cash flows and therefore impacts the ability to finance other projects and to meet shareholders expectations. This work, after covering the basic necessary knowledge, considers the sources of risks to the cash flows from the lucrative US market. As the discussions moves forward, it appears that money, time and politics are at the heart of every potential problem.