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New legislation is a great first step to lower drug prices

World of DTC Marketing

High drug prices preferentially benefit the largest drug manufacturers, which spend only about 10 to 20 percent of their revenue on research and development — far less than they spend on marketing, administration, and stock buybacks and dividends. 12 of the 16 most profitable companies in Q2 were pharmaceutical firms.

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Beating the Big C

Pharmaceutical Technology

The world’s biggest pharmaceutical company Pfizer announced in June 2008 that it would be putting its “full scope and scale” behind a push into the cancer market. Why aren’t we seeing more cancer treatments on the market? There’s been a huge change in the market.”

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The Dark Side of the Pharmaceutical Industry: Are Treatments Being Blocked for Profit?

Pharma Marketing Network

Pharmaceutical research and development: what do we get for all that money? Industry-sponsored clinical research: a broken system. Powerful medicines: the benefits, risks, and costs of prescription drugs. The post The Dark Side of the Pharmaceutical Industry: Are Treatments Being Blocked for Profit? Fugh-Berman, A.

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And so pharma profiteers again

World of DTC Marketing

Best of all are patients in the US, where prices are highest, and with chronic conditions requiring repeat prescriptions. The argument is that this is the only way to cover research and development (R&D) cost for new drugs. The best prospects are drugs targeted at patients who are high-value and who will use the drugs long term.

Pharma 147
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PhRMA is going to have to write some big checks

World of DTC Marketing

SUMMARY: President Biden wants to lower prescription drug costs. Even though prescription drug costs are only $.11 The Pharmaceutical Research and Manufacturers of America raised nearly $527 million last year and spent roughly $506 million, new tax returns obtained by OpenSecrets reveal.

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US Democrats’ blockbuster budget bill could spell big changes for drug prices

pharmaphorum

In addition to the climate provisions, however, the bill has a significant effect on prescription drug prices, and according to reports neither Manchin nor Sinema is objecting to these provisions, which are similar but not identical to the ones in the Build Back Better plan which previously passed in the House of Representatives.

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Trump’s lie on drug prices

World of DTC Marketing

According to the federal Centers for Medicaid and Medicare Services, our federal government spent $298 billion on prescription drugs at that time. March-in rights under Bayh-Dole have never been invoked, no doubt because the Pharmaceutical Research and Manufacturers of America, or PhRMA, has made clear that it would litigate.