DRUG NEWS
Jul 26, 2020
2 minutes
Big Pharma twice as profitable as other industries
The pharmaceutical industry is twice as profitable as any other industrial sector.
The average gross profit margin of a drug company is around 76 percent of revenues, compared to just 37 percent of a typical large conglomerate listed on the S&P 500 Index.
Researchers at Bentley University in Massachusetts compared the revenues and profits of 35 of the largest drug companies with 357 companies
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