Mergers and acquisitions as strategies of business expansion in the pharmaceutical industry

Introduction: The present paper deals with the issue of the increasing usage of corporation mergers and acquisitions strategies within pharmaceutical industry environment. The aim is to identify the triggers of such business phenomenon and the immediate impact on the financial outcome of two powerful biopharmaceutical corporations: Pfizer and GlaxoSmithKline, which have been sampled due to their successful approach of the tactics in question. Materials and Methods: In order to create an overview of the development steps through mergers and acquisitions, the historical data of the two corporations has been consulted, from their official websites. The most relevant events were then associated with adequate information from the financial reports and statements of the two corporations indulged by web-based financial data providers. Results and Discussions: In the past few decades Pfizer and GlaxoSmithKline have purchased or merged with various companies in order to monopolize new markets, diversify products and services portfolios, survive and surpass competitors. The consequences proved to be positive although this approach implies certain capital availability. Conclusions: Results reveal the fact that, as far as the two sampled companies are concerned, acquisitions and mergers are reactions at the pressure of the highly competitive environment. Moreover, the continuous diversification of the market’s needs is also a consistent motive. However, the prevalence and the eminence of mergers and acquisition strategies are conditioned by the tender offer, the announcer’s caliber, research and development status and further other factors determined by the internal and external actors of the market.

Stochasticity favoring the effects of the R&D strategies of the firms

We present stochastic dynamics on the production costs of Cournot competitions, based on perfect Nash equilibria of nonlinear R&D investment strategies to reduce the production costs of the firms at every period of the game. We analyse the effects that the R&D investment strategies can have in the profits of the firms along the time. We observe that, in certain cases, the uncertainty can improve the effects of the R&D strategies in the profits of the firms due to the non-linearity of the profit functions and also of the R&D parameters.

Experimental study on the impact of using a fan coil in the evaluation of contaminant removal effectiveness of common air diffusion strategies

Indoor Air 2016 - The 14th International Conference Indoor Air Quality and Climate

Entrepreneurship Strategies in a Portuguese and in a Polish Region

In the present paper we will consider strategies of innovation, risk and proactivity as entre/ intrapreneurship strategies. This study was done in a Portuguese and in a Polish region. In Portugal the region was Vale do Sousa, located in the northern Portugal. The Polish region was Lublin Voivodeship and it is situated in the south-eastern part of the country. The study focused on Industrial and Construction sectors. In order to get a valid sample, a group of 251 firms were analysed in Portugal, and 215 in Poland. However, the minimum sample size in Poland should be 323. Since this is a work in progress, we are aiming for this number of questionnaires. Each strategy was analysed individually for both regions and the results pointed to a lack of culture of entrepreneurship in firms’ management. Only Proactivity presented a positive result in firms’ management. Polish firms tend to be more innovative and more risk takers, while in proactivity Portuguese ones present a slightly higher result. Combining the strategy results, it was possible to identify that 61.2% of Portuguese firms present a low level of entrepreneurship, while 60% of Polish firms present a moderate level. Considering intrapreneurship good levels, while Portugal account for 5.2% this figure is 19.1% in Poland.

Control of baker’s yeast fermentation: PID and fuzzy algorithms

A MATLAB/SIMULINK-based simulator was employed for studies concerning the control of baker’s yeast fed-batch fermentation. Four control algorithms were implemented and compared: the classical PID control, two discrete versions- modified velocity and position algorithms, and a fuzzy law. The simulation package was seen to be an efficient tool for the simulation and tests of control strategies of the nonlinear process.

Experimental and numerical study on the evaluation of ventilation efficiency

Buildings account for 40% of total energy consumption in the European Union. The reduction of energy consumption in the buildings sector constitute an important measure needed to reduce the Union's energy dependency and greenhouse gas emissions. The Portuguese legislation incorporate this principles in order to regulate the energy performance of buildings. This energy performance should be accompanied by good conditions for the occupants of the buildings. According to EN 15251 (2007) the four factors that affect the occupant comfort in the buildings are: Indoor Air Quality (IAQ), thermal comfort, acoustics and lighting. Ventilation directly affects all except the lighting, so it is crucial to understand the performance of it. The ventilation efficiency concept therefore earn significance, because it is an attempt to quantify a parameter that can easily distinguish the different options for air diffusion in the spaces. The two indicators most internationally accepted are the Air Change Efficiency (ACE) and the Contaminant Removal Effectiveness (CRE). Nowadays with the developed of the Computational Fluid Dynamics (CFD) the behaviour of ventilation can be more easily predicted. Thirteen strategies of air diffusion were measured in a test chamber through the application of the tracer gas method, with the objective to validate the calculation by the MicroFlo module of the IES-VE software for this two indicators. The main conclusions from this work were: that the values of the numerical simulations are in agreement with experimental measurements; the value of the CRE is more dependent of the position of the contamination source, that the strategy used for the air diffusion; the ACE indicator is more appropriate for quantifying the quality of the air diffusion; the solutions to be adopted, to maximize the ventilation efficiency should be, the schemes that operate with low speeds of supply air and small differences between supply air temperature and the room temperature.

Comparison of contaminant removal effectiveness and air change efficiency as indicator of air diffusion quality.

The ventilation efficiency concept is an attempt to quantify a parameter that can easily distinguish the different options for air diffusion in the building spaces. Thirteen strategies of air diffusion were measured in a test chamber through the application of the tracer gas method, with the objective to validate the calculation by Computational fluid dynamics (CFD). Were compared the Air Change Efficiency (ACE) and the Contaminant Removal Effectiveness (CRE), the two indicators most internationally accepted. The main results from this work shows that the values of the numerical simulations are in good agreement with experimental measurements and also, that the solutions to be adopted for maximizing the ventilation efficiency should be the schemes that operate with low speeds of supply air and small differences between supply air temperature and the room temperature.

Thinking over b‐learning strategy: the MIPO model approach

This article describes the main research results in a new methodology, in which the stages and strategies of the technology integration process are identified and described. A set of principles and recommendations are therefore presented. The MIPO model described in this paper is a result of the effort made regarding the understanding of the main success features of good practices, in the web environment, integrated in the information systems/information technology context. The initial model has been created, based on experiences and literature review. After that, it was tested in the information and technology system units at higher school and also adapted as a result of four cycles of an actionresearch work combined with a case study research. The information, concepts and procedures presented here give support to teachers and instructors, instructional designers and planning teams – anyone who wants to develop effective b‐learning instructions.

O movimento de alcance em indivíduos após AVE. Estratégias compensatórias por parte do tronco

Introdução: O movimento de alcance, fundamental para actividades diárias, encontra-se frequentemente comprometido após AVE, sendo muitas vezes acompanhado por estratégias compensatórias. Objectivo: Avaliar o movimento de alcance em indivíduos após AVE e verificar se utilizam estratégias compensatórias por parte do tronco aquando da sua realização, verificando também se o plano de intervenção a cada caso permitiu reduzir as estratégias compensatórias. Participantes e métodos: Foram seleccionados dois indivíduos por conveniência, após um único evento de AVE, com score de 2 ou mais na escala Chedoke-McMaster Stroke Assessment. Para avaliar o movimento de alcance utilizou-se a escala Reach Performance Scale (RPS) que apresenta duas subcategorias (alvo próximo e distante). A intervenção, baseada no conceito de Bobath, foi dirigida essencialmente para o membro superior. Resultados: Os dois indivíduos utilizaram o movimento do tronco como estratégia compensatória no movimento de alcance principalmente no alvo distante, onde a pontuação foi menor que para o alvo próximo. Nos dois momentos avaliados não foram registadas alterações. Conclusão: Neste estudo verificaram-se estratégias compensatórias do tronco, concluindo-se que quanto maior o comprometimento do membro superior, maior será o movimento do tronco, sendo este mais visível no caso B.

Finanças comportamentais: sobre-reação e sub-reação no mercado bolsista português

Dissertação para obtenção do Grau de Mestre em Contabilidade e Finanças Orientador: Mestre Luis Pereira Gomes

Auto-regulação na gestão de conflitos em retalho

Mestrado em Engenharia Informática

Tradução e legendagem do documentário Fárria

Trabalho de Projeto Apresentado ao Instituto de Contabilidade e Administração do Porto para a obtenção do grau de Mestre em Tradução e Interpretação Especializadas, sob orientação da Mestre Graça Chorão e coorientação da Mestre Paula Almeida

Reorganização dos ajustes posturais antecipatórios em indivíduos após AVE: influência de um programa de intervenção em fisioterapia no registo electromiográfico do tibial anterior e solear

Introdução: As dificuldades encontradas em individuos após Acidente Vascular Encefálico, ao nível da marcha, influenciam significativamente o retorno ao trabalho, a participação na comunidade ou o desempenho nas actividades da vida diária. Objectivo: Neste trabalho, procurou-se verificar qual o efeito de um programa de intervenção em fisioterapia nos ajustes posturais antecipatórios que ocorrem previamente ao movimento voluntário e assim pré-determinar a sua contribuição para a estabilidade postural e o equilíbrio. Material e Métodos: Para testar os pressupostos inerentes, relatam-se dois casos clínicos de sujeitos do sexo masculino com diagnóstico de Acidente Vascular Encefálico. Estes foram submetidos a um programa de intervenção em fisioterapia, durante 10 semanas consecutivas, baseado no Conceito de Bobath e que teve em conta o principal problema de cada indivíduo. Foi monitorizada a actividade electromiográfica do ventre medial do Tibial Anterior e Solear na fase de pré-activação da marcha, em dois momentos distintos, no início e no fim da intervenção. Resultados: Dos resultados obtidos evidenciam-se as diferenças entre os tempos médios de pré-activação, bem como as diferenças entre a percentagem da contracção isométrica voluntária máxima atingida pelos músculos Tibial Anterior e Solear, direito e esquerdo, entre os dois momentos de avaliação, em ambos os sujeitos. Verificou-se, no entanto, que a actividade electromiográfica dos referidos músculos possui grande variabilidade. Conclusão: Os resultados sugerem que o programa de intervenção em fisioterapia parece ter tido influência no recrutamento da actividade muscular do TA e do SO, uma vez que, em termos médios absolutos, ocorreram diferenças após a implementação das estratégias e procedimentos da intervenção.

Estratégias de comunicação interna

Dissertação apresentada ao Instituto Superior de Contabilidade e Administração do Porto para obtenção do Grau de Mestre em Assessoria de Administração Orientada pela professora Arminda Sá Sequeira

Digitalização das promoções de vendas e email marketing

Dissertação de Mestrado apresentado ao Instituto de Contabilidade e Administração do Porto para a obtenção do grau de Mestre em Marketing Digital, sob orientação de Professor Doutor António Correia de Barros