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Their costly research labs have produced too few new blockbusters.
Bristol-Myers and Genentech explained that the prices take into account costly research and manufacturing expenses.
It wasn't as if the company was being rewarded for years of costly research and development.
The company argues that Avastin emerged from many years of costly research.
And there go billions in private capital and earnings needed for costly research into new cures and treatments.
By contrast, the equity side's costly research department and highly paid institutional sales force have weighed on Goldman's business, as commissions continue to be squeezed.
Similar(29)
Companies are deep in the costly research-and-development phase — G.M. says it plans to invest more than $1 billion to develop the Chevrolet Volt's technology, and that car, Detroit's first plug-in, is nearly two years from market and unlikely to be made in large numbers.
That meant Apple put its resources behind high-value product development, and could maintain some of the best margins in the hardware industry by avoiding some of the costlier research areas required for its products.
Direct medical care at the E.R. and costly prescription research are not making our country healthier.
The study said that such changes would be "difficult and costly," requiring research and retraining of staff and more involvement of doctors in the ratings process.
In a five-page briefing, the IEA calls for the REF to be abolished because it is too costly, distorts research priorities and can be gamed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com