4 ms·
Apologies, as seen by GlaxoSmithKline's recent $3 billion fine for illegally bribing doctors, you are also paying their legal fees for unethical practices. (1)
by latch 14y ago
Apologies, as seen by GlaxoSmithKline's recent $3 billion fine for illegally bribing doctors, you are also paying their legal fees for unethical practices. (1)
Also, the industry spends more on lobbying than any other industry (2)
According to a study by York University, they spend twice as much on marketing as R&D (3).
(1) http://www.guardian.co.uk/business/2012/jul/03/glaxosmithkline-fined-bribing-doctors-pharmaceuticals?newsfeed=true http://www.guardian.co.uk/business/2012/jul/03/glaxosmithkli...
(2)
http://www.usatoday.com/news/washington/2007-05-10-senators-drug-bill_N.htm http://www.usatoday.com/news/washington/2007-05-10-senators-...
(3)
http://www.sciencedaily.com/releases/2008/01/080105140107.htm http://www.sciencedaily.com/releases/2008/01/080105140107.ht...
- pbreit 14y agoI was replying to this "R&D costs are 1/100th of total cost, with marketing taking the lion's share" which I do believe is inaccurate.