Pharmaceutical and health technology companies on Corpy.
Patents are mobile, factories are not, and the structure sits between them.
Global pharma is anchored by Swiss AG giants, Roche and Novartis, alongside Dutch N.V. structures such as Philips and Lonza's contract manufacturing base. These firms organise around three fixed problems: where intellectual property is held, where manufacturing is licensed, and how profit moves between the two. Newer digital-health entrants, Babylon and Sword, show the same questions arriving much earlier in a company's life.
Each profile traces where the intellectual property sits and how the operating entities are arranged around it.
