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.