In January 2011, Merck and PAREXEL International Corporation announced a cooperative arrangement for collaboration on biotechnology efforts known as biosimilars. This arrangement did not involve creation of a new entity. Such cooperative arrangements are examples of _____.

Question

Quizplus · Accepted Answer

Strategic alliances are cooperative agreements between businesses to pursue shared objectives while remaining independent entities, which fits the description of Merck and PAREXEL's collaboration.

In January 2011, Merck and PAREXEL International Corporation Announced a Cooperative