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7 min read

The Long View: Big Pharma Is Growing Its Own Again

Organic drugs have climbed to 53% of the top 15's sales by 2025. The aggregate hides the more interesting split: which companies built the future they will sell, which bought it, and which are watching their homegrown base expire.

A masked gardener carries a tree seedling, a spade, and a pot of soil through tall yellow wildflowers under an overcast sky.
The long game, in one frame. Photo by Noorulabdeen Ahmad / Unsplash