This may or may not be right, but let's not forget, the pharma industry makes more profit than just about any other industry.
This is based on the survivor bias. The successful pharma companies make a lot of money, but the ones that aren't successful lose a ton of money.
And the successful pharma companies don't always stay successful. There are plenty of examples of big pharma companies that are much smaller than they used to be because R&D didn't pan out.
This is based on the survivor bias. The successful pharma companies make a lot of money, but the ones that aren't successful lose a ton of money.
And the successful pharma companies don't always stay successful. There are plenty of examples of big pharma companies that are much smaller than they used to be because R&D didn't pan out.
Pharma profits are high because the risk is high.