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The 'risk' here is often carried by publicly funded research. ~6.2 billion for glp

The private 'investment' comes in manufacturing, scale and marketing.

Novo Nordisk has spent 41% more on shareholder enrichment (buybacks and dividends) than on R&D over the past five years.



> Novo Nordisk has spent 41% more on shareholder enrichment (buybacks and dividends) than on R&D over the past five years.

So they are good stewards of their funds and know they can't deploy as much as they have? Berkshire Hathaway does the same thing.


Is Berkshire Hathaway able to monitize the output of government funded research as effectively?




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