Posted: January 7, 2008
It's deja vu all over again in the ongoing debate of R&D spending vs. promotional spending by the US pharmaceutical industry.
Critics are out again to "prove" that the industry spends much more on promotion than it does on R&D.
Back in 2004, I reviewed the book "The Truth About the Drug Companies: How They Deceive Us and What to do About It," in which the author Marcia Angell, MD, offered proof that R&D takes a back seat to promotion in the drug industry.
Now, there's a "new" study by two Canadian authors entitled "The Cost of Pushing Pills: A New Estimate of Pharmaceutical Promotion Expenditures in the United States," which was recently published in PLoS Medicine.
I have a problem with the methodology employed in this analysis and have come up with my own "new new" estimate of pharma promotional spending.
For the details, read today's post to Pharma Marketing Blog.
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