3 ms·
> Drug companies have profit margins of 15% on average indicating there is room. This seems to contradict itself. 15% profit margin is not that great compared
by marcell 8y ago
> Drug companies have profit margins of 15% on average indicating there is room.
This seems to contradict itself. 15% profit margin is not that great compared to the opportunity cost. Someone working at a drug company could in theory switch (retraining etc.) to working at, say, Google which has a 22% profit margin. I realize it’s not apples to apples, but that’s not a huge, monopoly level profit.