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The drug companies spend almost nothing on R&D, not compared to what they spend on consumer advertising, marketing to doctors, regulatory compliance, lobbying,
by blasdel 17y ago
The drug companies spend almost nothing on R&D, not compared to what they spend on consumer advertising, marketing to doctors, regulatory compliance, lobbying, civil defense lawyering, and patent lawyering.
- profgubler 17y agoMarketing does not raise the cost of Healthcare and medicine, but those lawyers you mention sure do.
- yummyfajitas 17y agoTypically 15-20% of their expenses are spent on R&D. The cost of marketing is also about 15-20%. This is roughly the same as any large tech company. Compare Merck and Johnson&Johnson to Google or Intel. http://www.google.com/finance?q=NYSE:MRK&fstype=ii http://www.google.com/finance?q=NYSE:MRK&fstype=ii http://www.google.com/finance?q=NYSE:JNJ&fstype=ii http://www.google.com/finance?q=NYSE:JNJ&fstype=ii http://www.google.com/finance?q=NASDAQ:INTC&fstype=ii http://www.google.com/finance?q=NASDAQ:INTC&fstype=ii http://www.google.com/finance?q=NASDAQ:GOOG&fstype=ii http://www.google.com/finance?q=NASDAQ:GOOG&fstype=ii