Nanalyze August 27, 2020
When you’re a young male, you spend your money on cheap booze, hard drugs, and fast women – and the rest you waste. As you enter old age, you increase your spending on drugs, the type needed to treat the chronic problems you developed from abusing your body so much during your youth. The end result is more than $1.2 trillion spent last year on drugs produced by the pharmaceutical industry.
Drugs are big business, but investing in biotech stocks is extremely risky due to the regulatory risks involved, the uncertainty around a drug’s efficacy and safety, and the cost of taking a drug candidate to market which a pharmaceutical company incurs whether the drug gets approved or not. From...
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