3 ms·
> 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 $20.618
by 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