“MEDICINE is for people, not for profits.” So read the caption beneath a photograph of George Merck, boss of a huge American drug company, on the cover of Time magazine in 1952.

Source: When the times were a-changing | The Economist

Read more by following the link above and reading the entire Economist article on new pharma.

Do more by researching the average life-span of pharmaceutical companies. Do the answers surprise you? What do you think are the biggest challenges facing these companies in the modern economy?

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