Quote:
Originally Posted by Hugh
At the end of last year, over14 Pharma companies posted over $1 billion dollars in profit (that's after all expenses, including the large (up to 15%) R&D budgets).
https://www.beckershospitalreview.co...s-over-1b.html
Historically, profits have risen.
Some interesting facts from Fortune magazine - http://fortune.com/2019/03/01/drug-c...es-rd-profits/
(I will declare an interest - my brother-in-law has worked for Big Pharma/Biotech* for the last 26 years, after his 10 years in Academia).
*Pfizer, Teva, Regeneron (joint R&D with Sanofi) |
Looking at Pfizer's financial report, and the profits can vary enormously from year to year. Those profits are taxed and provide income for pension schemes.
Divide those profits by the quantities produced to assess how much cheaper a product might be.