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Article: IPI Expert Available To Discuss Major Criticisms of Prescription Drug Prices and Profits.
- Article from:
- Business Wire
- Article date:
- February 5, 2003
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Health Writers
DALLAS--(BUSINESS WIRE)--Feb. 5, 2003
Is the pharmaceutical industry the most profitable in the country? Are prescription drugs too expensive? Are costly drugs the result of high-salaried pharmaceutical CEOs? Are drug companies profiting from pain?
In comparison to other companies, products and costs, the overwhelming answer to these questions is NO. Just take a look at the following comparisons:
-- Many drug companies are profitable, yet there were banks and technology companies whose 2001 profits were higher than most of the pharmaceutical manufacturers, and Coca-Cola's profits were higher than the median drug company ...