New Drug for a Pharma company

Did you know that under guidelines established by US FDA (Food and Drug Administration), no drug could be sold in the US market until it underwent three stages of successful clinical testing and sruvived a rigorous approval procedure?

Only one in 20 trail-phase drugs was eventually approved for public use and even successful candidates often took 10 years and 50,000 pages of documentation to win FDA approval. The total cost of this process was reported to be between $500 million to $880 million.

Now do you know why someone sells an antibiotic for 300 rupees a tablet?

Would you buy imported Apples or Domestically grown?

If you are a sensitive Global citizen caring for climate change, consider answering this question. Lets say you live in Bangalore, Would you buy a domestically grown Apple or buy an imported apple while staying sensitive to the climate? If you answer Domestically grown apple would have less impact on climate, you could be wrong. The producers store domestically grown apples in cold storage warehouses for long duration (could be 3 to 6 months based on summer) and this energy would have resulted in more carbon emissions than the ones due to transportation of imported apples.

Wal-mart's Annual IT budget

Here is another 'amusing' fact - Did you know that WALMART's IT spending is only second to Pentagon? With sales of around $253 billion, WALMART spends roughly $4.5 billion on IT. Though this figure is not publicly available, this is derived from the usual percentage terms (1.8% of sales) of retailers.