Articles
- Note: Sector-focused read on healthcare investment opportunities in India.
- Note: General investing overview for understanding the healthcare industry as a business category.
Healthcare Industry
- Setup: High capex.
- Revenue phase: Non-cyclical demand.
- Pricing: Limited pricing power.
- Revenue durability: Revenue can disappear, so businesses need to keep reinventing.
- Drug creation: Inventing a successful drug is rare; a founder may only create 2-3 meaningful drugs in a career.
- Market structure: High barrier to entry and high barrier to scale.