PhRMA defines the word “chutzpah”

  • Pharmaceutical and biotechnology sales revenue increased from $534 billion to $775 billion between 2006 and 2015. Additionally, 67% of drug companies increased their annual profit margins during the same period—with margins up to 20 percent for some companies in certain years. (Source: GAO)
  • Pharmaceutical companies continue to rake in the highest profit margins.
  • Eight of the 15 highest net profit margins were at drug companies.
  • Yet PhRMA has launched a social media campaign to point the finger at hospitals.

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