ActionfigureJoe Posted March 15, 2019 Author Share Posted March 15, 2019 2 minutes ago, Highmark said: Absolutely and as I've said before I support cost controls that make us pay no more than other countries. However I've been running a business for a long time and while there have been cases of crazy, unjustified increases in price on drugs I look at everything on its merits not just assumptions. 30-40% margins isn’t an assumption. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 15, 2019 Platinum Contributing Member Share Posted March 15, 2019 4 minutes ago, Cop Watch said: Walmart sells human insulin for $25 a vial. That was covered in the article. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 15, 2019 Share Posted March 15, 2019 19 minutes ago, snoughnut said: When we place profit before the health of humanity and our ability to afford it, we are heading in the wrong direction. There is a huge cost to develop some of the newer drugs. Not for generics but it won't happen without a profit driver. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 15, 2019 Platinum Contributing Member Share Posted March 15, 2019 (edited) 3 minutes ago, ActionfigureJoe said: 30-40% margins isn’t an assumption. https://yourbusiness.azcentral.com/average-profit-margin-pharmaceuticals-20671.html The average net profit margin for drug companies, including pharmaceuticals and biotech, was about 12.5 percent to 14 percent, according to a January 2018 study by New York University's Stern School of Business. But many companies have margins far greater than that. Edited March 15, 2019 by Highmark Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 15, 2019 Platinum Contributing Member Share Posted March 15, 2019 1 hour ago, Highmark said: Defending what....wanting to know the facts? Fuck can you not think rationally? You ever raise prices? Even just to increase margin? Of course its only evil when others do it. 9 minutes ago, Highmark said: Ah yes.....afraid to answer. GFY as well. If I raised my prices the way these drug companies do I would have zero work...quit being such a jagoff. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted March 15, 2019 Author Share Posted March 15, 2019 1 minute ago, Highmark said: The average net profit margin for drug companies, including pharmaceuticals and biotech, was about 12.5 percent to 14 percent, according to a January 2018 study by New York University's Stern School of Business. But many companies have margins far greater than that. The offending company. https://ycharts.com/companies/LLY/gross_profit_margin Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 15, 2019 Platinum Contributing Member Share Posted March 15, 2019 1 minute ago, Jimmy Snacks said: If I raised my prices the way these drug companies do I would have zero work...quit being such a jagoff. Always will be some that take advantage of a market. Should motivate others to get in. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 15, 2019 Share Posted March 15, 2019 4 minutes ago, ActionfigureJoe said: 30-40% margins isn’t an assumption. That's the margin most manufacturers target. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 15, 2019 Platinum Contributing Member Share Posted March 15, 2019 (edited) 4 minutes ago, ActionfigureJoe said: The offending company. https://ycharts.com/companies/LLY/gross_profit_margin One company's gross margin? Seriously dude. Gross margin? Edited March 15, 2019 by Highmark Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 15, 2019 Share Posted March 15, 2019 2 minutes ago, Highmark said: One company? That's gross margin Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 15, 2019 Platinum Contributing Member Share Posted March 15, 2019 (edited) 1 minute ago, ArcticCrusher said: That's gross margin Yeah, I caught that too and edited my post. Its stock does OK. If its gross margin were that important it would do MUCH better. Edited March 15, 2019 by Highmark Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 15, 2019 Platinum Contributing Member Share Posted March 15, 2019 2 minutes ago, Highmark said: Always will be some that take advantage of a market. Should motivate others to get in. Well that isn't happening as far as Insulin goes and as the article said diabetics have a hard enough time regulating blood sugar and it takes a lot of time to find the balance and the right type of insulin. It ain't like switching from Advil to Walgreen brand ibuprofen. Quote Link to comment Share on other sites More sharing options...
Pete Posted March 15, 2019 Share Posted March 15, 2019 22 minutes ago, Cop Watch said: Walmart sells human insulin for $25 a vial. I use to use human insulin. I now use a synthetic. Thats what my pump uses Quote Link to comment Share on other sites More sharing options...
Pete Posted March 15, 2019 Share Posted March 15, 2019 11 minutes ago, Jimmy Snacks said: Well that isn't happening as far as Insulin goes and as the article said diabetics have a hard enough time regulating blood sugar and it takes a lot of time to find the balance and the right type of insulin. It ain't like switching from Advil to Walgreen brand ibuprofen. yup!! Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted March 15, 2019 Author Share Posted March 15, 2019 59 minutes ago, Highmark said: One company's gross margin? Seriously dude. Gross margin? I posted the wrong link. As you can see, lily makes good on the dead bodies of those that can’t afford the drug. A little research into the insulin game and you will how profit is placed above medical need. Unless of course you’re a total psychopath https://www.macrotrends.net/stocks/charts/LLY/eli-lilly/profit-margins Quote Link to comment Share on other sites More sharing options...
Pete Posted March 15, 2019 Share Posted March 15, 2019 6 minutes ago, ActionfigureJoe said: I posted the wrong link. As you can see, lily makes good on the dead bodies of those that can’t afford the drug. A little research into the insulin game and you will how profit is placed above medical need. Unless of course you’re a total psychopath https://www.macrotrends.net/stocks/charts/LLY/eli-lilly/profit-margins Supposed to be a class action lawsuits against lilly for hiking the price of humalog insulin Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 15, 2019 Platinum Contributing Member Share Posted March 15, 2019 36 minutes ago, ActionfigureJoe said: I posted the wrong link. As you can see, lily makes good on the dead bodies of those that can’t afford the drug. A little research into the insulin game and you will how profit is placed above medical need. Unless of course you’re a total psychopath https://www.macrotrends.net/stocks/charts/LLY/eli-lilly/profit-margins Wow they are just raking it in. Cue slinger and his administrative costs spiel. From your link. Current and historical gross margin, operating margin and net profit margin for Eli Lilly (LLY) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Eli Lilly net profit margin as of December 31, 2018 is 13.16%. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 15, 2019 Share Posted March 15, 2019 48 minutes ago, ActionfigureJoe said: I posted the wrong link. As you can see, lily makes good on the dead bodies of those that can’t afford the drug. A little research into the insulin game and you will how profit is placed above medical need. Unless of course you’re a total psychopath https://www.macrotrends.net/stocks/charts/LLY/eli-lilly/profit-margins That's not that good imo. Not sure what you're trying to show? Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted March 15, 2019 Author Share Posted March 15, 2019 Unreal. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted March 15, 2019 Author Share Posted March 15, 2019 52 minutes ago, Pete said: Supposed to be a class action lawsuits against lilly for hiking the price of humalog insulin Yes there is. It’s involving racketeering charges against lily and two other companies. The companies are resisting turning over records. Quote Link to comment Share on other sites More sharing options...
Cop Watch Posted March 15, 2019 Share Posted March 15, 2019 2 hours ago, Jimmy Snacks said: That was covered in the article. Sorry, my bad. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 15, 2019 Platinum Contributing Member Share Posted March 15, 2019 Just now, Cop Watch said: Sorry, my bad. NP...It's what we use for one our dogs but it doesn't work well for a lot of diabetics apparently. Quote Link to comment Share on other sites More sharing options...
Pete Posted March 15, 2019 Share Posted March 15, 2019 1 hour ago, ActionfigureJoe said: Yes there is. It’s involving racketeering charges against lily and two other companies. The companies are resisting turning over records. RICO.... good Quote Link to comment Share on other sites More sharing options...
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