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Elaborate the details behind pharmaceutical industry

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Reference no: EM133174062

In the midst of a wave of patent expirations on some of the industry's most popular brand name drugs, including Lipitor from Pfizer, the blood thinner Plavix sold by Bristol-Myers Squibb, the diabetes drug Actos from Eli Lilly and Takeda Pharmaceuticals, and various cholesterol treatments sold by Abbott Laboratories and its recently spun-off proprietary business, the company's sales and profits have risen. Elaborate the details behind pharmaceutical industry historically high profitability.

Reference no: EM133174062

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