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5 Comments
Memoraresays...why would corporate research ever develop a cure when they can indefinitely milk new treatments.
jimnmssays...*drugs
siftbotsays...Adding video to channels (Drugs) - requested by jimnms.
Hyperdrivesays...Interesting sift, however, I'd challenge the closing comment that 'a major part of the profit is reinvested in new research'.
Marc-Andre Gagnon and Joel Lexicon produced a revealing peer-reviewed paper in December 2007, titled 'The Cost of Pushing Pills: A New Estimate of Pharmaceutical Promotion Expenditures in the U.S.' They concluded that drug companies are spending nearly twice as much on promotion as research and development.
"As a percent of U.S. domestic sales of $235.4 billion, promotion consumes 24.4% of the sales dollar versus 13.4% for on R&D. In light of these numbers one can safely argue that marketing is predominant over R&D in the pharmaceutical industry, contrary to industry's claim."
Now that really is sickening.
doremifasays..."why would corporate research ever develop a cure when they can indefinitely milk new treatments."
Finding a cure, a silver bullet, is difficult (severe understatement). Finding a treatment is still beneficial to sufferers.
^Hyperdrive:
Wish I could disagree with you.
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