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How profitable is the pharmaceutical industry?

April 26, 2017Industry pharmaceutical profitable

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How profitable is the pharmaceutical industry?

1 Answer

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10 Posted

The pharmaceutical industry is one of the most profitable business sectors. In 2002, Fortune 500 drug companies made profits of 18.5 percent profit, while the median profitablity of all Fortune 500 companies was around 3 percent. The industry maintains that these high profits are needed to continue the very expensive, high risk development of new drugs.