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No. of Recommendations: 3
http://www.nytimes.com/2005/03/04/politics/04fda.html?th

Three years after the drug industry said it would stop showering doctors with expensive gifts, a top federal drug official told a Senate panel on Thursday that such marketing efforts continued.

The official, Dr. Janet Woodcock, acting deputy commissioner for operations of the Food and Drug Administration, said during a break in the hearing that drug companies still invited doctors on cruises and to resorts in exotic places, all free.

The FDA has no jurisdiction to police such efforts, she said.

Dr. Woodcock appeared on the second day of Senate hearings into her agency's oversight of drug safety.

The drug industry has long spent billions of dollars annually - far more than it spends on research - trying to persuade doctors to prescribe its pills.


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No. of Recommendations: 6
The drug industry has long spent billions of dollars annually - far more than it spends on research - trying to persuade doctors to prescribe its pills.

Take those billions spent trying to persuade doctors; add those billions to all monies spent on TV, magazine, and newspaper advertising trying to persuade the consumer to request said drug, and does anyone have to ask why drugs are so expensive?

Nancy
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No. of Recommendations: 5
NoHorses, RE: "Take those billions spent trying to persuade doctors; add those billions to all monies spent on TV, magazine, and newspaper advertising trying to persuade the consumer to request said drug, and does anyone have to ask why drugs are so expensive?"

Maybe you should ask the question, because you seem to have jumped to the wrong answer.

In 2001, total drug industry spending on advertising amounted to $2.7 billion. Which is less than half the R&D spending of a single pharmaceutical company, Pfizer. Advertising expenses are less than 10% of what the industry spends on R&D (drug companies spend more on R&D than any other industry on the planet).

Oh, and by the way, the US Supreme Court has already determined that restricting direct to consumer advertising of drugs is unconstitutional, so this is a moot discussion.

I could go on an explain what determines drug costs, and in fact, why drugs are so inexpensive, but it would require you toss out your preconceptions and stop listening to the FUD (fear, uncertainty and distortion) that those with hidden agendas would have you believe. Very little of what you hear in the news media or from politicians (or on these boards) about the drug industry is actually true. Are you surprised? Very little you hear about anything from those sources is actually true.

The sad thing is that it doesn't matter what you and I believe, or what the truth is. Just as for the tobacco industry, the inevitable result is predictable. Unfortunately, in this case, the result will be no new drugs for patients that desperately need them.

At least CatherineCoy will be happy.

Fushi
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No. of Recommendations: 3
At least CatherineCoy will be happy.
Fushi


Snide remark which added absolutely nothing to the post. And you talk about "hidden agendas". What's yours?


Abba
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No. of Recommendations: 4
"Snide remark which added absolutely nothing to the post. And you talk about 'hidden agendas'. What's yours?"

Didn't you hear? I'm stalking CatherineCoy.

snideFushi
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No. of Recommendations: 4
Very little of what you hear in the news media or from politicians (or on these boards) about the drug industry is actually true. Are you surprised? Very little you hear about anything from those sources is actually true.

Pfizer annual report 2003 (not exactly a good bedtime read, but interesting non the less, and, one would hope, on target. Check out the "s,a,i expenses and the "cost of sales.)" You can download it.

Another good read regarding Pfizer. http://biz.yahoo.com/bizwk/050218/b3922001mz001_1.html

Every weekday, some 38,000 Pfizer Inc. (NYSE:PFE - News) sales reps fan out around the globe. Armed with briefcases full of free drug samples, reams of clinical data, and lavish expense accounts for wining and dining their quarry, the reps infiltrate doctors' offices and hospitals. Their goal: to persuade medical professionals the world over to make Pfizer drugs the treatment of choice for their patients' aches and pains. A relatively long article, but well worth the time spent for anyone interested in BigPharma operations.

At least CatherineCoy will be happy.

The thing you have to realize about CC is that she makes people think no matter if you agree with her or not.

Nancy
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