Why does Big Pharma need to charge so much for life saving drugs (for things such as Diabetes, HIV/AIDS, Hepatitis, ETC.)
In fact, according to Pfizer's 3rd quarter report their revenue is "$12.1 Billion Increased 6% Operationally, Which Includes $0.3 Billion Reflecting One Month of Legacy Hospira U.S. Operations."
This report can be found on their own website. Just go to Pfizer profits and click on their 3rd quarter analysis.
We as a people should not keep letting these companies make profits off of our bodies. Regardless if it's birth control, antibiotics or any other necessary medications. We the people deserve equal access to medications without struggling to pay.
(click on the words to be brought to the article. ALL CREDIT GOES TO BBC.COM)
A table found in a BBC news article you can see how much some of these firms make. And lets not overlook Pfizer's 43% profit margin.
| World's largest pharmaceutical firms | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Company | Total revenue ($bn) | R&D spend ($bn) | Sales and marketing spend($bn) | Profit ($bn) | Profit margin (%) | ||||||||||||
| Johnson & Johnson (US) | 71.3 | 8.2 | 17.5 | 13.8 | 19 | ||||||||||||
| Novartis (Swiss) | 58.8 | 9.9 | 14.6 | 9.2 | 16 | ||||||||||||
| Pfizer (US) | 51.6 | 6.6 | 11.4 | 22.0 | 43 | ||||||||||||
| Hoffmann-La Roche (Swiss) | 50.3 | 9.3 | 9.0 | 12.0 | 24 | ||||||||||||
| Sanofi (France) | 44.4 | 6.3 | 9.1 | 8.5 | 11 | ||||||||||||
| Merck (US) | 44.0 | 7.5 | 9.5 | 4.4 | 10 | ||||||||||||
| GSK (UK) | 41.4 | 5.3 | 9.9 | 8.5 | 21 | ||||||||||||
| AstraZeneca (UK) | 25.7 | 4.3 | 7.3 | 2.6 | 10 | ||||||||||||
| Eli Lilly (US) | 23.1 | 5.5 | 5.7 | 4.7 | 20 | ||||||||||||
| AbbVie (US) | 18.8 | 2.9 | 4.3 | 4.1 | 22 | ||||||||||||
| Source: | GlobalData | ||||||||||||||||