3 ms·
Pharma stocks actually underperform compare to other companies. So, it's not like pharma companies are making insane profits. Research, regulation, approvals an
by yread 3y ago
Pharma stocks actually underperform compare to other companies. So, it's not like pharma companies are making insane profits. Research, regulation, approvals and failures are expensive
- FireBeyond 3y ago> So, it's not like pharma companies are making insane profits. Huh. > Gilead Sciences gross profit for the twelve months ending December 31, 2023 was $20.618B Not insane profits, indeed.
- yread 3y agoThat's GROSS profit. That's basically saying that the same as the article, they have insane margins, selling 5$ pills for 1000$. They have to pay for the other stuff. Net income was 5.6B. Still, a lot but yeah it's a big company. GILD is down 10%+ YoY. SP500 is up 28% YoY. Or Cigna (health insurance, also 100B market cap) 43% up