Big Pharma's Dirty Little Secret
Just as I suspected!!!! Big Pharma Spends More On Advertising Than Research And Development, Study FindsScienceDaily (Jan. 7, 2008) A new study by two York University researchers estimates the U.S....
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A good reason to choose generic drugs when possible. Then your money doesn't go toward an excessive advertising budget.
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Yes, big pharma is terrible. Surely there are no issues, say, with FDA approval processes and costs. I mean, spending $33 billion on R&D in 2004 and $44 to $55 billion in 2006 (depending on the...
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What does "FDA Approved" really mean? That we have carefully documented most of the ways in which this drug can hurt you?-Op
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In 1995, there was about $15Billion spent on new drug approvals, that has increased to over $60Billion today. The industry is in a loll because slow development of new medicines, about 40% fewer now...
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Is the pharmaceutical industry different from others? I worked for an automobile manufacturer for a while and they spent much more on advertising than on R&D. The advertising leads to higher sales...
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The pharmaceutical companies are no different to most public companies. Their purpose is to maximise profits to their shareholders. Thats why they are in business!As Jim basically said, why be...
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See "Sicko". You'll then understand why profit margin centric business is antithetical to patient health. In other words it has NO business in medical care.
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Not only are there no surprises here - this is simply a consequence of the fact that these companies belong to shareholders. If you're a shareholder, you'd want your company to make max profit, not...
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Very well put, gazpacho. There's also a good argument (econ 101) that says that if advertising helps profits it helps keep the R&D going.I frankly don't see the drug companies as at fault for...
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gazpacho wrote:It does demonstrate the need for government-funded medical research though. ==============================================The government does fund medical research (at least in the...
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I didn't mean to say there wasn't any government-funded medical research. Of course there is (and that's good). However, the budget of the NIH is dwindling and not keeping up with inflation, which is...
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There is no government funding for tinnitus in GB. There is a government petition in progress. See BTA web site.
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