Who Else Wants To Know Why Pharmaceutical Investments Are The Most PROFITABLE?

Who Else Wants To Know Why Pharmaceutical Investments Are The Most PROFITABLE?

The Warren Buffett Stock Portfolio: Warren Buffett Stock Picks:

Why and When He Is Investing in Them

By: Mary Buffett and David Clark

ISBN-10 : 1451606486

ISBN-13 : 978-1451606485

Publisher : Scribner; First Edition, 1st Printing (December 13, 2011)

"Consider the number of yearly vaccines worldwide and the numbers are staggering—approximately $34 billion a year (133 million x 34 x $7.5 = $33.9 billion). After ten years, in the U.S. alone, vaccine manufacturers will see more than $10 billion in net profit. On a world scale, the number jumps to a potential $340 billion in profits.

"And wait, it gets even better. With the invention of each new vaccine comes a patent that is good for twenty years and guarantees that no one else can make the vaccine. In other words, the company has a monopoly.

"Even when the patents expire, other companies rarely step into the market because the major manufacturers have a permanent relationship with the government health departments of the world. This enables manufacturers to continue making the same vaccines year after year while maintaining their large profit margins even after their patents have expired.

"And last but not least, vaccine manufacturers in the U.S. are completely immune from lawsuits. Back in the 1980s several bad batches of vaccines injured so many children that the resulting successful lawsuits threatened to bankrupt the manufacturers, so the manufacturers lobbied a bill through Congress making them a protected class."

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