Quick Answer: What Is The Most Profitable Pharmaceutical Drug Ever?

How profitable is the pharmaceutical industry?

Results From 2000 to 2018, 35 large pharmaceutical companies reported cumulative revenue of $11.5 trillion, gross profit of $8.6 trillion, EBITDA of $3.7 trillion, and net income of $1.9 trillion, while 357 S&P 500 companies reported cumulative revenue of $130.5 trillion, gross profit of $42.1 trillion, EBITDA of $22.8 ….

What is the most profitable pharmaceutical drug ever?

And a trio of immunology mainstays are led by their king, Humira, which is predicted to become the first drug ever to pass $20 billion in annual sales. Pfizer’s cholesterol-lowering drug Lipitor is by far the best-selling drug of all time.

How much profit did pharmaceutical companies make in 2019?

According to market research, the worldwide pharmaceutical market was worth nearly $1.3 trillion in 20191 and the top 10 pharma companies accounted for around a third of sales ($392.5 billion)….Annual revenue of top 10 big pharma companies.Ranking1CompanyPfizerFull-year revenues 2019$51.75bnFull-year revenues 2018$53.65bn% revenue growth Year on Year-4%9 more columns•Mar 3, 2020

What is the number 1 selling drug in America?

Adalimumab (Humira, AbbVie) remains the top selling drug for 2 years running, racking up $19.9 billion in global sales in 2018 and $18.4 billion in 2017, according to a biobusiness brief in Nature Reviews Drug Discovery.

What is the most sold medicine?

Best selling pharmaceuticals of U.S. MarketRankDrug20191adalimumab21.42apixaban9.93etanercept8.14ustekinumab6.61 more row

Which country has the best pharmaceutical industry?

USACountries With The Biggest Global Pharmaceutical Markets In The WorldRankCountryValue of Pharmaceutical Market (in millions of $)1USA339,6942Japan94,0253China86,7744Germany45,8286 more rows•Apr 25, 2017

Is pharmaceutical industry growing?

The global pharmaceutical market is expected to overcome $1.5 trillion by 2023, from the $1.2 trillion of 2018, at an annual growth rate of 3-6%. … Competition in biosimilars is also expected to increase by three times, while specialty share of total medicine spending will reach 50% by 2023 in most developed markets.

Why are pharmaceutical prices so high?

The simple explanation for excessive drug prices is monopoly pricing. Through patent protection and FDA marketing exclusivity, the U.S. government grants pharmaceutical companies a monopoly on brand-name drugs. But monopolies are a recipe for excessive prices.

What are the top 20 pharma companies?

Top 20 Pharmaceutical Companies ReportRankCompany1Pfizer, Inc.2GlaxoSmithKline, plc3Merck & Co.4AstraZeneca, plc17 more rows

What is the most prescribed drug in the world?

Most popular prescriptionsAlbuterol (Ventolin, Proair, Accuneb, Proventil) … Levothyroxine (Levo-T, Euthyrox, Synthroid, Unithroid, Levoxyl) … Amlodipine (Norvasc, Amvaz) … Gabapentin (Neurontin) … Omeprazole (Prilosec) … Glucophage (Metformin) … Losartan (Cozaar) … Hydrocodone / Acetaminophen, Zolvit, Lorcet (Lortab, Hycet, Xodol, Norco, Vicodin, Maxidone)More items…

How much money is big pharma worth?

Top pharmaceutical companies with revenue greater than $10 billionRankChg2016 USD billions171.89250.113136.564152.8228 more rows