Acquired
Novo Nordisk (Ozempic)
Ben Gilbert
I mean, a lot of the low-hanging fruit is picked, so it seems like it's going to require more money to go eke out more rewards. People always make fun of pharma with this thing they call Arum's Law, which is Moore's Law backwards. And the idea is like pharma for every next generation gets more expensive. But like semiconductors also require huge amounts of R&D.
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