How much does big pharma make per day
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It's difficult to calculate the exact daily profit for the entire pharmaceutical industry ("big pharma") because it's a massive and complex sector with many companies of varying sizes. However, we can analyze data from some of the major players to get a sense of the scale:
Pfizer: One of the largest pharmaceutical companies, generated approximately $100 billion in revenue in 2021. This translates to roughly $274 million in revenue per day. However, revenue is not profit, as Pfizer also has significant operating costs.
Other Major Companies: Similar calculations can be done for other big pharma companies like Johnson & Johnson, Merck, and Roche.
Important Considerations:
Profit Margins: Pharmaceutical companies generally have high-profit margins compared to other industries. This means that a significant portion of their revenue translates to profit.
Research and Development (R&D): The pharmaceutical industry is highly research-intensive. Developing new drugs is incredibly expensive and risky, which can impact overall profitability.
Generic vs. Branded Drugs: Generic drugs have much lower profit margins than branded drugs, which can affect a company's overall profitability.
Overall:
While precise daily profit figures for the entire pharmaceutical industry are unavailable, the analysis of major companies suggests that "big pharma" generates substantial profits daily. However, the complexity of the industry and varying profit margins across companies make it difficult to estimate a single, definitive number.
How much money does big pharma make in a year
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The global pharmaceutical industry generated approximately $1.48 trillion in 2022. However, the term "Big Pharma" is often used to refer specifically to the top 20 pharmaceutical companies. In 2022, the top 20 pharma companies generated a combined revenue of $1.2 trillion.
Pfizer was the top-earning pharmaceutical company in 2022, with $100.3 billion in revenue. Other top earners included Johnson & Johnson ($94.9 billion), Roche ($62.5 billion), Novartis ($50.6 billion), and Merck ($48.7 billion).
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Yes, the constitutionality of the BC Mental Health Act (MHA) has been challenged based on its compliance with the Canadian Charter of Rights and Freedoms. Here's a breakdown of the situation:
The Issue: The BC MHA's "deemed consent" provisions are seen as problematic. People under involuntary care are presumed to consent to all psychiatric treatments, including medication and electroconvulsive therapy, even if they can make their own decisions. This allegedly violates their right to security of the person under Section 7 of the Charter.
The Challenge: The Council of Canadians with Disabilities (CCD) is leading the legal challenge. They argue the MHA doesn't respect the rights of people with mental illness and goes against the UN Convention on the Rights of Persons with Disabilities.
The Current Status: In June 2022, the Supreme Court of Canada allowed the CCD's case to proceed, rejecting the BC government's attempt to block the challenge. This means the court will hear arguments on whether the MHA violates the Charter.
There is a legal challenge ongoing regarding the BC Mental Health Act and the Canadian Charter of Rights and Freedoms. Here's a breakdown:
The Argument: The Council of Canadians with Disabilities (CCD) argues that the Act violates the Charter because it uses a "deemed consent" model for involuntary treatment. This means people who are involuntarily detained can be forced to undergo psychiatric treatment, even if they object, as long as they are deemed incapable of making their own decisions.
Charter Rights: The CCD argues this infringes on the Charter rights to security of the person and to make free choices about one's health.
Current Status:
June 2022: The Supreme Court of Canada allowed the CCD's challenge to proceed, meaning the Court will consider the arguments.
Outcome Unknown: No final decision has been made.
review panel
June 23, 2022, the Supreme Court of Canada released a decision finding that the Council of Canadians with Disabilities (CCD) has public interest standing to challenge parts of BC's Mental Health Act (MHA) because it violates Canada's Charter of Rights and Freedoms.
canadas charter of rights and freedom is inalienable law meaning it cant be taken away. it is also the highest law of the land, above all other law.
The BC Mental Heath Act violates section 7, 9, and 15 of the Canadian charter of rights and freedoms, and as well as international united nationshuman rights laws.
Life liberty and autonomy is your and my
right
7. Everyone has the right to life, liberty and security of the person and the right not to be deprived thereof except in accordance with the principles of fundamental justice. Section 7 guarantees the life, liberty and personal security of all Canadians.
9. Everyone has the right not to be arbitrarily detained or imprisoned. Section 9 says that government officials cannot take individuals into custody or hold them without a good reason. For example, a police officer must have reasonable grounds for detaining a person.
15. Every individual is equal before and under the law and has the right to the equal protection and equal benefit of the law without discrimination and, in particular, without discrimination based on race, national or ethnic origin, colour, religion, sex, age or mental or physical disability.