A team of Rutgers Business School MBA students were awarded first place at the third annual Biopharmaceutical Case Competition. The winners were announced at the end of the competition on Nov. 14, 2014.The Rutgers Pharmaceutical club hosted the competition.
The club establishes, fosters and encourages relationships among RBS MBA students, alumni and industry professionals in order to grow the pharmaceutical network necessary to secure internships and full-time positions and build successful business careers. It also strives to ensure that Pharmaceutical Management students acquire superior knowledge regarding the pharmaceutical industry and the industry’s unique business practices and processes.
The Biopharmaceutical Case Competition at Rutgers attracts teams from the nation’s leading business schools, including Wharton, Columbia and Kellogg. Teams also represented Michigan State University, MIT Sloan, Duke, Penn State’s Smeal College of Business and the University of Georgia’s Terry College of Business.
The case competition has become known as an important competition for MBA students hoping to move into careers in the healthcare and pharmaceutical fields. The competition has multiple company sponsors, intensifying the networking aspect of the day and the potential for students to impress major companies.
This year’s competition featured a pricing case for a new class of cholesterol-lowering medicines known as PCSK9 inhibitors. The student teams were assigned to a fictitious company and were required to develop a strategy for launching its drug onto the market. Teams were given one week to prepare their cases for presentation.
The winning home team consisted of, Mittal Shah, Sonal Patel, Michael Kwatkoski, Paul Rosiak and Kinushuk Saxena. All five members are pursuing MBAs in Rutgers Business School’s top-ranked Pharmaceutical Management program. The students received $6,000 in prize money for their first place win.