3 ms·
I thought the fine sounded large, but the last paragraph of the article puts it in context: > Despite the large fine, $3bn is far less than the profits made fr
by interpol_p 11y ago
I thought the fine sounded large, but the last paragraph of the article puts it in context:
> Despite the large fine, $3bn is far less than the profits made from the drugs. Avandia has made $10.4bn in sales, Paxil took $11.6bn, and Wellbutrin sales were $5.9bn during the years covered by the settlement, according to IMS Health, a data group that consults for drug makers.
- MichaelGG 11y agoNot really, we don't know what the profit margin is. A quick search says from 10-20%, though another site says 40%. So it may have wiped out a significant chunk of profit.
- interpol_p 11y agoYeah that's true — I was a bit misled by that sentence. I read "sales" as "profit," thinking that the author quoted those numbers because they were able to be used as a comparison to gauge the severity of the fine.