Ben Gilbert: commitment

Transcript context

…Yeah, totally wild. Insulin has become, to your point, still a part of the business, a smaller share of the business. Again, this is of revenue, not of profits. But 22% of their revenue today comes from Insulin. That leaves about 9% from the other efforts that they're putting energy into, rare diseases, things like hemophilia. They continue to be a ridiculously concentrated company. They make about $10 billion a year in net income. They're also a very, very profitable company among the most profitable and all of pharma, the 55,000 employees. So it's a huge international company at this point. I want to talk briefly about margins. Later, we will talk about why margins are actually not the most interesting measure to look at, but it's worth knowing them, because we talk about them on every other episode. Gross margins are better than software. They run about 84%. Lilly is also a very high margin company running about 80%. For context, Microsoft It has a gross margin of 70% and Google is 56%. How is Google's gross margin 56%? They must be stuffing a lot of other revenue besides search into the top line.…

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