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The owner of a privately held medical pharmaceutical company whose name is CVS and has a successful past coming up with medical solutions to current challenges regarding severe diseases. Recently they decided to develop a COVID-19 vaccine that will be 98% effective and can be ready in the next 90 days. Prior to the need for the vaccine, CVS has been using R&D to be prepared in case of a pandemic occurring in the world. The FDA knows the company well and feels they have the capability to make this happen based on their history.
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Financial Risk Management 3B