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Posted on entry Fckng Ralph Nader, fckng Public Citizen ::: January 04, 2006, 12:40 PM:
Graydon: Drug companies "spend more on marketing than on research"?

Not quite, it seems.

(And more definitively, the Pharmaceutical Research and Manufacturers Association is happy to tell you that its members spend over $33 Billion a year on R+D, while the entire industry (perhaps just in the US, they're not clear) spends only $21B on product promotion. I think we can all agree that 33 is a bigger number than 21, yes? Indeed, it's half again bigger.)

Though, even if they did, what's the problem with that? Do you think that maybe they might need ... income, in order to fund further research? And that income is generated partially through the efforts of what the sales guys call "marketing"? And that since most R+D money brings exactly zero return, maybe marketing expenditures that makes more money in terms of sales are necessary to keep the company afloat in-between Drugs So Useful They Sell Themselves.

(Derek Lowe over at In The Pipeline is a pharmaceutical researcher (ie, the guy who actually goes trying to find and make the new drugs), and has more about the latter.)

It's very easy to stamp your feet and complain that Nasty Mean Big Drug Companies aren't pumping out new useful drugs left and right... but, well, it ain't easy. And unless you want the state to fund them (nevermind the inefficiencies that would have to cause), they rather have to fund themselves, partially by the use of wicked, nasty, not-spending-on-what-you-want Marketing - even if they do, in fact, spend half again as much on R+D.

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