Healthy Skepticism Library item: 8899

Warning: This library includes all items relevant to health product marketing that we are aware of regardless of quality. Often we do not agree with all or part of the contents.

Publication type: Journal Article

1970 Financial data for 264 drug field firms is shown
Drug Trade News 1971 Sep 20; 46:15-21

Abstract:

The data presented relates to sales, manufacturing cost, taxes on earnings, earnings after taxes and total assets of 264 companies active in the drug field. Based on this survey, the following conclusions are made: (1) manufacturers of diversified drug products reported increases in sales, earnings after taxes and assets when data for the year 1970 was compared with that of 1969; (2) sales of manufacturers of diversified drug products were up 8.5%, earnings after taxes, 6.9%, and assets 9.4%; (3) cosmetic and toiletry suppliers to the drug trade boosted sales 9.6% over 1969, profits were up an average of 9.9%; and (4) prescription and other professional products suppliers increased sales 12.5%.