Taft2016
Verified User
Pharmaceutical companies spend more on advertising than they do on research and development. Certainly far more than they do on any other aspect of their business.
http://www.sciencedaily.com/releases/2008/01/080105140107.htm
Didn't read your link because the premise is absurd out-of-hand.
Pharma spends fortunes developing compounds to get them to market. About 1 out of every 100 compounds patented makes it to market, so the roughly 99% of failed compounds represent huge losses in R&D. Now, Pharma may spend more money on advertising the compound/product that actually MADE IT TO MARKET than they spent on R&D for that product....and that has a lot to do with recouping the losses of all of the failed compounds.
I bought stock in a pharma named Isis way back in 1999. Their first product hit the market this year. So tell me, what exactly were they advertising all of those years? They didn't have a single product on the market. Oh, and who was bankrolling this research for Isis all of those years? Yes, that's right; Big Pharma.
Do you know how long it takes to get a product through FDA testing to the market?
Do you know how long the patent for the compound lasts?
Did you know those patents expire, and only leave the company a window of about 8 to 10 years to recoup R&D costs for that drug, plus the accompanying 99 failed compounds, and make a profit, before the generics hit the market?
Do you know how to speak through any hole other than your ass?