3 ms·
Wait a sec, Gilead made $12.5B in 2015, $4B this year, on a single drug, and that's not enough? Gosh, I remember when $16.5B was a lot of money.
by javajosh 9y ago
Wait a sec, Gilead made $12.5B in 2015, $4B this year, on a single drug, and that's not enough? Gosh, I remember when $16.5B was a lot of money.
- FranzFerdiNaN 9y agoWelcome to capitalism, where its never enough to please shareholders and we require unlimited growth on a limited world.
- perseiden 9y agoBringing new drugs to markets is expensive: https://en.wikipedia.org/wiki/Cost_of_drug_development https://en.wikipedia.org/wiki/Cost_of_drug_development (These costs include the other 90% of drugs that have probably failed at some development stage)
- lultimouomo 9y agoSo assuming Gilead spent per drug 10% more than the company that spent more in that list, they recovered the whole development cost in a single year. Most industries don't come even close to that.
- lotsofpulp 9y agoDrugs that have an impact like their Hep C treatment don't come around every year, or even every decade. It's almost a lottery.
- wffurr 9y agoTheir hepC treatment is $84,000. And also somehow not profitable enough. There is also now a $300 generic.