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> Pharmaceuticals is a pretty capital intensive industry. The larger part of that is sales and marketing. They spend more on sales and marketing than research
by Jensson 3y ago
> Pharmaceuticals is a pretty capital intensive industry.
The larger part of that is sales and marketing. They spend more on sales and marketing than research and development in USA. All that is wasted, publishing lots of manipulative ads and marketing material to get as many as possible to buy the most expensive medicines isn't a good use of our resources.
https://www.ahip.org/news/articles/new-study-in-the-midst-of-covid-19-crisis-7-out-of-10-big-pharma-companies-spent-more-on-sales-and-marketing-than-r-d https://www.ahip.org/news/articles/new-study-in-the-midst-of...
- gruez 3y ago1. The study in question is from ahip, which is a trade association of health insurance providers. They have an incentive to push the blame of high healthcare costs on other companies, so claims by them should be taken with a grain of salt. 2. The above link doesn't actually actually provide the study, or mention the methodology. However searching around[1] it looks like similar claims in the past have issues, mainly due to how expenses are categorized in financial statements. Specifically, advertising/marketing spend is often lumped together with general and administrative spend, which overstates that figure. [1] https://skeptics.stackexchange.com/questions/16472/do-typical-modern-pharmaceutical-firms-spend-more-on-marketing-than-on-rd https://skeptics.stackexchange.com/questions/16472/do-typica...