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by 5tefan
1674 days ago
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I work in finance and of course it is not true for every company and I didn't refer to them. From a collegue I know that they purged drugs from their portfolio because it made less than <80% net profit. But you are right. It is very different. |
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No company is gonna cut a an approved drug with hundreds of million in net profit because the % profit is <80. I could see them cutting drugs if the total profit is low tho. This helps them focus on other more profitable drugs with. That is to say, most companies don't want to be making 100 products that net low millions each. They want a few products that make 100 million+ each.