Why have Pharma revenues grown so much pre-covid?
Is more spending on pharma a good or bad thing?
Why have Pharma revenues grown so much pre-covid?
Aging population? Lack of competition? Better drugs? Moral hazard? Poor nutrition?
Some obvious reasons....
Aging population - The US population is aging and older people tend to use more prescription medicines. The number of Americans aged 65+ increased from 40 million in 2010 to 54 million in 2019.
High …
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