3 ms·

Sure, this drug ends up being profitable. But most of them also cost $150M to develop while making $0. As a whole, I don't think the pharmacy industry is unus

Sure, this drug ends up being profitable. But most of them also cost $150M to develop while making $0. As a whole, I don't think the pharmacy industry is unusually profitable.

ddeck 3y ago
Perhaps not unusually, but there is some evidence that they are more profitable than comparably sized non-pharma companies. >"from 2000 to 2018, the median net income (earnings) expressed as a fraction of revenue was significantly greater for pharmaceutical companies compared with nonpharmaceutical companies (13.8% vs 7.7%)." Profitability of Large Pharmaceutical Companies Compared With Other Large Public Companies https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7054843/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7054843/