I don't know if anyone else watched it tonight.....
tonight on Frontline, PBS.... the documentary was all about the "Other" drug war...
I was rivoted.
here is a link to pbs
(edited to note: I think that link crapped out... here is a nother link... tell me if it doesn't work for you)
http://www.pbs.org/wgbh/pages/frontline/
"How profitable is the pharmaceutical industry?
The pharmaceutical industry is one of the most profitable business sectors. In 2002, Fortune 500 drug companies made profits of 18.5 percent profit, while the median profitablity of all Fortune 500 companies was around 3 percent. The industry maintains that these high profits are needed to continue the very expensive, high risk development of new drugs."
It might have been hard to notice it, but I'll repeat. They make 18.5 percent profits.... while the median profitiblitiy of fortune 500 is companies... is 3 percent.
They insist they should run at that profit. while everyone else is below 5 and as we know...they pay politicos much money in campaign contributions so that they can continue at this rate..
as for the risk of new drugs developed...
Go through the transcripts or see the show on repeat... you will learn that their so called r&d.... they only spend 13 percent of their profits. As for marketing they spend 16 percent.
they spend more money on advertising than budweiser does....think about that...
and their so called breakthrough drugs.... are just more glamorous and more expensive takes on advil... and others garden variety over the counters.
check the link and open up other pages on it... it is very, very informative.
__________________
tonight on Frontline, PBS.... the documentary was all about the "Other" drug war...
I was rivoted.
here is a link to pbs
(edited to note: I think that link crapped out... here is a nother link... tell me if it doesn't work for you)
http://www.pbs.org/wgbh/pages/frontline/
"How profitable is the pharmaceutical industry?
The pharmaceutical industry is one of the most profitable business sectors. In 2002, Fortune 500 drug companies made profits of 18.5 percent profit, while the median profitablity of all Fortune 500 companies was around 3 percent. The industry maintains that these high profits are needed to continue the very expensive, high risk development of new drugs."
It might have been hard to notice it, but I'll repeat. They make 18.5 percent profits.... while the median profitiblitiy of fortune 500 is companies... is 3 percent.
They insist they should run at that profit. while everyone else is below 5 and as we know...they pay politicos much money in campaign contributions so that they can continue at this rate..
as for the risk of new drugs developed...
Go through the transcripts or see the show on repeat... you will learn that their so called r&d.... they only spend 13 percent of their profits. As for marketing they spend 16 percent.
they spend more money on advertising than budweiser does....think about that...
and their so called breakthrough drugs.... are just more glamorous and more expensive takes on advil... and others garden variety over the counters.
check the link and open up other pages on it... it is very, very informative.
__________________





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