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"for an industry that has some of the highest profit margins of any" Big Pharma profitability generally is pretty good but not stellar, unless you only look at
by emiliobumachar 8y ago
"for an industry that has some of the highest profit margins of any"
Big Pharma profitability generally is pretty good but not stellar, unless you only look at profitable drugs and ignore unprofitable drugs.
- XorNot 8y agoThe 50% on marketing number isn't BS: https://www.vox.com/2015/2/11/8018691/big-pharma-research-advertising https://www.vox.com/2015/2/11/8018691/big-pharma-research-ad... Everytime I've gone looking for this, it's just been confirmed over and over.
- hackerman12345 8y agoIt's not just marketing in that graph, it's sales & marketing. Insurance companies don't make getting drugs covered and to patients easy. Newly created drugs are pretty useless if neither doctor nor patient has heard of them.
- rhizome 8y agoInsurance companies don't make getting drugs covered and to patients easy. Newly created drugs are pretty useless if neither doctor nor patient has heard of them. Ergo hookers and blow? I don't buy it.
- dahart 8y agoNot stellar? Across multiple searches I see companies like Johnson & Johnson, Gilead Sciences, Novartis, Procter & Gamble, and Pfizer on the top 10/25/50 lists, with profit margins in the double digit percentages. What is stellar in your book if not billions and billions in profit? http://fortune.com/fortune500/list/filtered?sortBy=profits&first500 http://fortune.com/fortune500/list/filtered?sortBy=profits&f...