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Pharmaceuticals: Beating the Hell Out of the Average

Author

Listed:
  • Nitzan, Jonathan
  • Bichler, Shimshon

Abstract

A lot has been written on the imminent decline of pharmaceuticals: their falling production, reduced R&D, declining innovation, the opioid crisis, patent cliffs, biting competition from generic drugs, growing opposition to IPR. The list goes on. Judging by the yardsticks that matter the most, though – namely, the companies’ relative profit and relative capitalization – pharmaceuticals are doing just fine. In fact, based on these yardsticks, they remain the most powerful corporate sector of all.

Suggested Citation

  • Nitzan, Jonathan & Bichler, Shimshon, 2021. "Pharmaceuticals: Beating the Hell Out of the Average," EconStor Preprints 234557, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:234557
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    File URL: https://www.econstor.eu/bitstream/10419/234557/1/20210600_bn_pharmaceuticals_beating_the_hell_out_of_the_average_rn.pdf
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    More about this item

    Keywords

    capitalization; finance; pharmaceutical; power; profit;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights

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