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Technologies Review | November 15, 2018

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pharmaceutical companies

Pharmaceutical Marketing: The Cause of the High Cost Prescriptions?

June 30, 2018 |

The profits being made in the pharmaceutical industry are out of control and it’s causing many to go without their medications due to the inability to afford them. The pharmaceutical industry in the United States have extremely high marketing expenses. The companies claim that it costs more than $800 million in research and development to put one new drug on the market. Research has shown that only 22 percent of pharmaceutical employees are employed in research and development, whereas, 39 percent are employed in marketing.

Pharmaceutical companies are using tactics like giving free lunches to physicians and they’re staff and giving gifts for promoting their drugs. In some cases, it has been reported that drug companies have tried to persuade physicians with large sums of money for prescribing their drugs or take part in clinical trials that we’re actually disguised marketing tactics. If you work in the medical field, you know … Read More