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I'm fairly sure most drug companies now spend more on marketing than on R&D/testing.
by irremediable 10y ago
I'm fairly sure most drug companies now spend more on marketing than on R&D/testing.
- Ralfp 10y agoMost drug companies sell generics because they don't want to enter costful R&D game.
- Kristine1975 10y agoOr they try to prolong their patents or very slightly change the formula of an existing drug so they can patent it again: https://en.wikipedia.org/wiki/Generic_drug#Prolongation https://en.wikipedia.org/wiki/Generic_drug#Prolongation
- coredog64 10y agoIf you're going to parrot Marcia Angell, at least get the substance right: They spend more on marketing and administration than they do on R&D. Where "administration" is stuff like IT, HR, etc.
- irremediable 10y agoI've never read her work, so I'm hardly parroting her. IIRC I've read about this in a few news articles about pharma finances, and in Ben Goldacre's "Bad Pharma". I don't know whether the marketing/sales figures include administration, but it does appear to be true, and I'd be inclined to think it's bad...