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A sustainable business model based on innovation and ... - Roche

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<strong>Roche</strong>: M&D <strong>and</strong> G&A % to sales<br />

Freeing up resources for innovati<strong>on</strong><br />

40%<br />

<strong>Roche</strong> (Prescripti<strong>on</strong>)<br />

GSK<br />

35%<br />

Sanofi-Aventis<br />

30%<br />

Eli Lilly<br />

AstraZeneca<br />

25%<br />

Merck & Co.<br />

Novartis<br />

20%<br />

2002 2003 2004 2005 2006 2007<br />

32

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