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Big Pharma / THE FACTS New Internationalist 362, November 2003
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Prescription for profit Most profitable industries (ranked by percentage return on revenues, 2001)
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Top Dogs In 2002 each of the Big Pharma top ten had sales over $11.5 billion Mergers are leading to behemoths with ever- increasing power. In 1995, 25 companies controlled over half the global drugs market; by 2000, just 15 managed to do the same thing.
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Carve up Of the 10 best-selling drugs of 2002, the top two (worth $13.5 billion in sales) were aimed at reducing cholesterol, one tackled high blood pressure, one ulcers, and two were antidepressants.
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Friends in high places Big Pharma spends more on lobbying politicians and regulatory bodies than any other industry. In the US in 2000, the industry spent $92.3 million on 625 lobbyists (more than one for every member of Congress). The Pharmaceutical Research and Manufacturers of America (PhRMA) have upped the proposed spend for 2004 to $150 million.
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To market, to market Between 1997 and 2002, promotion to healthcare professionals in the US doubled to $18.5 billion. Direct-to-consumer advertising added another $3 billion. Big Pharma spends lavishly to push its wares.
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In 2001, leading US drug companies spent almost two- and-a-half times more on marketing, advertising and administration than they did on R&D.
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