Big Pharma’s Big Lie Refuted
Jan 8 at 5:05pm by Aileen
Two York University researchers have published a study in the January 3rd issue of PLoS Medicine [Public Library of Science] demonstrating that U.S. pharmaceutical companies spend nearly twice as much money promoting their drugs to doctors and the public than on research and development of new drugs.
Big Pharma Spends More on Advertising than Research and Development puts the lie to the pharmaceutical industry’s self-serving mantra that the cost of drugs in the U.S. has to be higher than anywhere else in the world so that newer, better drugs - and drugs designed to treat relatively rare but deadly diseases - can be developed. High prices for prescription drugs offset this massive expenditure, they tell us, and the U.S. government has tended to accept the lie without challenge.
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