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Profit margins for pharmaceutical companies are typically between 10 and 20 percent in the US, 2020 & 2021 are exceptions as the covid shot boosted numbers considerably. Those are normal profit margins for industry.
Profit margins for pharmaceutical companies are typically between 10 and 20 percent in the US, 2020 & 2021 are exceptions as the covid shot boosted numbers considerably. Those are normal profit margins for industry.
And…
Their profits are not grotesque
20% of $1.2 trillion is $240 billion dollars. That is a grotesque amount of profit to make by holding people’s health hostage.
What would you consider a reasonable profit?