Sorry PhRMA, pharma making record profits

  • The health care industry has already banked more profits than any other quarter in the past year.
  • As of Aug. 2, 85 publicly traded health care companies have amassed $47 billion of global profit on $545 billion of global revenue in the second quarter.
  • That profit is higher than the $45.6 billion that 118 health care companies posted in the first quarter of this year, and it’s higher than anything recorded in the past year.
  • Pharmaceutical companies continue to rake in the highest profit margins.

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