Category Archives: Business of the drug industry

10 ways pharma can improve its image

top-10-listAccording to Forbes ” The 31 pharmaceutical companies comprising its main trade group spent $48.5 billion on research and development last year. All told, the pharmaceutical sector has spent $550 billion on R&D since 2000. That half-trillion dollars of research has yielded more than 400 new medicines”  But of 12 cancer drugs approved in 2012, 11 cost more than $100,000.  As more drugs are offered at that level and their sponsors get away with it, it seems to set a floor that emboldens drug companies to push the envelope.  They are badly misjudging the brewing anger. Continue reading

Some Democrats and Republican unite against pharma

KEY TAKEAWAY: On the surface, the drug companies won a battle against Senator Bernie Sanders as his bill to allow pharmaceutical distributors and pharmacists to import cheaper prescription drugs from Canada and other countries, but what is most alarming is that some Republicans sided with Democrats in voting against the measure. Continue reading