Bichler, ShimshonNitzan, Jonathan2022-10-282022-10-282021Pharmaceuticals: Beating the Hell Out of the Average. Bichler, Shimshon and Nitzan, Jonathan. (2021). Research Note. June. pp. 1-5. (Article - Working Paper; English).http://hdl.handle.net/10315/39819capitalization finance pharmaceutical power profitA lot has been written on the imminent decline of pharmaceuticals: their falling production, reduced R&D, declining innovation, the opioid crisis, patent cliffs, biting competition from generic drugs, growing opposition to IPR. The list goes on. Judging by the yardsticks that matter the most, though – namely, the companies’ relative profit and relative capitalization – pharmaceuticals are doing just fine. In fact, based on these yardsticks, they remain the most powerful corporate sector of all.Working Paper