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Opinion
Max Nisen

Here’s to Your Health: A Decade of Drug Breakthroughs

Putting aside prices for a moment, it’s been an exciting period for medical progress.

From gene therapy to rapid cures for hepatitis C, lots of positive developments.

From gene therapy to rapid cures for hepatitis C, lots of positive developments.

Photographer: H. Armstrong Roberts/ClassicStock/Getty Images

For all the flak the pharmaceutical industry has taken for its exorbitant pricing practices,  there's no getting around the fact that it's been a pretty stunning decade for medical progress.

Multiple new categories of medicines have moved from dreams and lab benches into the market and people’s lives, and investors who came along for the ride often reaped extraordinary profits. The Nasdaq Biotech Index is up 360% over the last 10 years to the S&P 500's 190%. And that’s without mentioning the hundreds of billions of dollars in takeovers that rewarded shareholders with windfalls.