Final Exam Paper Essay Example | Topics and Well Written Essays - 500 words

Final Exam Paper - Essay Example There are several pharmaceutical companies in Kuwait that may offer Support to Genentech in terms of buying their drugs and selling them to people. For example, the Kuwait Saudi Pharmaceutical s industries that are a leading company in the manufacture and marketing of pharmaceutical drugs. For success, Genentech has to have to be linked to such companies. However, there are no supporting pharmaceuticals clusters in Kuwait that would facilitate the buying and marketing of the drugs. The Kuwait Government has to offer support for Genentech for the company to establish itself successfully. This is possible since the government has been supporting research in different areas notably agriculture and economic improvement. This support is mainly given to home industries therefore, it will problematic for Genentech to get support since it is a foreign company Laws that protect intellectual property in Kuwait are found in law No. 4 of (1962). Companies are allowed to register patents and intellectual property in Kuwait provided they are inhabitants of countries that give Kuwait reciprocity. After the company registers its patent with the patents Office, it gains the rights to use that patent. The right is valid for 15 years and may be renewed for an extra five years If Genentech opens up businesses in Kuwait, it will not have a problem of markets. This market would be provided by its powerful neighbors. Proximity to markets can therefore be a factor for Genentech to consider for successful establishment of a company in Kuwait. However since, Kuwait is quite Isolated, challenges of market are inevitable Kuwait being a country with the majority of its population Muslim, genetic testing is not well addressed in the regulations and has to take into consideration bioethical issues. Kuwait has no regulations on genetic testing but it respects the recommendations of the Islamic Organization for Medical