Re:Eating Too Much Rice Almost Doomed Japan's Imperial Navy
by refurb on Tuesday May 28, 2019 @09:08AM
(#20029594)
Yet one of the most profitable drug launches ever was a cure for hepatitis C.
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Re:Eating Too Much Rice Almost Doomed Japan's Imperial Navy
by PhantomGremlin on Tuesday May 28, 2019 @09:13PM
(#20036008)
Flash in the pan revenues. No company wants to have this press:
Gilead Sciences Inc. will continue to feel the financial sting this year of declining revenues from its hepatitis C business, forecasting combined 2018 sales of the drugs reaching only a fifth of what the biotech recorded at the height of its commercial success three years ago.
https://www.biopharmadive.com/news/gilead-hepatitis-c-revenu...
Contrast a statin for Pfizer: $125 billion in sales over 14 years. Lipitor alone "provided up to a quarter of Pfizer Inc.'s annual revenue for years."
Re:Eating Too Much Rice Almost Doomed Japan's Imperial Navy
by refurb on Wednesday May 29, 2019 @12:18AM
(#20036824)
Yeah, a company would certainly turn down a $10B a year drug because revenues declined after a few years!
Sure it’s not as successful as Lipitor (pretty much the most successful drug ever), but it’s total sales DWARF 95% of the drugs out there.
Re:Eating Too Much Rice Almost Doomed Japan's Imperial Navy
by verucanacl on Tuesday May 28, 2019 @10:17PM
(#20036337)
For good reason. Curing Hep C was a breakthrough medical innovation, which ultimately will save the healthcare system tens of billions of dollars (preventing end stage liver disease, liver transplants, etc)