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The pharmaceutical industry was not a recognized industry until the 1930s, as it originated as a subset of the chemical industry.
“It doesn't become its own industry until near 1930. So we think of big pharma as this giant. It is it's a multi-billion dollar business. But just a hundred years ago it was nothing.”
PBD Podcast · Oct 2025 · 1 episode · 156K views on this topicExtracted by a model; may misattribute who said what.