InvestorsHub Logo
Followers 35
Posts 29964
Boards Moderated 2
Alias Born 02/20/2009

Re: n4807g post# 112397

Wednesday, 11/30/2016 3:50:40 PM

Wednesday, November 30, 2016 3:50:40 PM

Post# of 122337
Pharmaceutical companies spend far more on advertising than research. And they advertise drugs that one cannot even buy without a prescription from a doctor. So their whining about R and D costs are mostly discretionary items in their budgets.

That would be a good place to put the skids to. That, and the kickbacks to doctors should be made illegal. I have a nephew who is a physician who tells some of the incredible tales of trips, cash, etc. for prescribing drugs that are no more effective than non-advertised ones. It is just another needless addition to health care costs.

https://www.washingtonpost.com/news/wonk/wp/2015/02/11/big-pharmaceutical-companies-are-spending-far-more-on-marketing-than-research/?utm_term=.da88dd8033d4

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.