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Novo Nordisk (the maker of the newest insulin Levemir) spends about 17.8b kroner a year on R&D (or about 12.6% of their revenue). Levemir was introduced in 2005
by OldTimeCoffee 4y ago
Novo Nordisk (the maker of the newest insulin Levemir) spends about 17.8b kroner a year on R&D (or about 12.6% of their revenue). Levemir was introduced in 2005; they've long since made up any R&D costs. The first synthetic insulin (Humulin) is from 1978. These aren't new medications, even Lantus is over 20 years old. The R&D costs don't factor into the price they charge at this point.
- 9991 4y agoMaking up the R&D costs is not the appropriate benchmark. The companies need a profit to justify the tying up of that capital for a long time. > (Humulin) is from 1978 Great, so it's off patent now? Serious question: where's the generic humulin?
- deleted 4y ago[deleted]
- OldTimeCoffee 4y agohttps://academic.oup.com/jlb/article/7/1/lsaa061/5918811 https://academic.oup.com/jlb/article/7/1/lsaa061/5918811