« 82nd Annual Meeting of the American Association for the History of Medicine | Main | On Neuroreductionism, Brain, Mind, and the Mereological Fallacy »

February 09, 2009

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c94ad53ef011168563506970c

Listed below are links to weblogs that reference On Pharmaceuticals and Marketing:

Comments

Intersting post, I touched on this the other week:

"What do the US and New Zealand have in common (besides goalposts)?

Yesterday brought Americans together for the 43rd annual viewing of the Superbowl. Both teams put on a show worthy of any football enthusiast, but for those more interested in pork rinds than pigskins, the commercials in between the action are their own form of entertainment. Despite well-publicized hard times, a wealth of companies still lined up to pay fantastic sums of money to air their thirty-second statement telling us why we should have what they peddle.

Television commercials demonstrate a subtle artistry that is intended to entice our demand, despite necessity. This dance between industry and consumers has been refined and mastered by American staple brands for decades, however this country has also granted consumer-courting rights to an industry locked out of advertising privileges in all other world nations (except New Zealand) – the pharmaceutical industry.

There is no secret (see Know the Facts) about the vast sums of money that are being made by the pharmaceutical industry. It is however less known that Americans are the ones contributing the most. Our people, our businesses and our government are paying half of the drug industry’s worldwide profits. All the while drug costs to our healthcare system are anywhere from 50% to 70% higher than in other countries. With such a statistic one cannot help but point to the distinguishing aspect of our drug market and theirs - the ability to advertise.

Estimates by one study in the New England Journal of Medicine put overall annual marketing expenditures at nearly $30 billion in 2005, up from $11.4 billion in 1996. Direct consumer advertising increased by 330% over the same period, but such promotions only account for around 15% of drug companies’ marketing expenditures. Rather, the majority of promotional costs are for visits by sales representatives to doctors and hospitals.

The sheer cost of actively lobbying the American consumer and their healthcare providers is passed right back to Americans in the higher costs for their drugs. Therefore this practice does not only lead to our drugs costing more, it also means we get more of them. With the intention of advertising being to create demand regardless of necessity, drug advertising just may have something to do with unnecessary prescriptions in what many call our over-medicated society.

One survey found that 71% of doctors surveyed said advertising would put pressure on their colleagues to give drugs to patients that they would normally not prescribe, which of course adds cost to the system and profits to the drug companies. Drug companies, whose most noble endeavor is to research and develop life saving compounds, walk an ethical tightrope when advertising costs begin to reach parity with research costs and when selling quantities of drugs takes priority over their quality. Another recent study found even actually found that:

“…based on the systematic collection of data directly from the industry and doctors during 2004… the U.S. pharmaceutical industry spent 24.4% of sales dollars on promotion, versus 13.4% for research and development as a percentage of US domestic sales of $235.4 billion.”

In 2000 alone, Merck & Co. spent $161 million on the advertising their arthritis medication Vioxx. But by 2004, Merck withdrew Vioxx from the market after the FDA estimated that the drug caused between 88,000 and 139,000 heart attacks in the 5 years of its availability. It is one thing to try and convince people that they have complications and that they need your product, it is another for your product to have a hand in causing it."

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Disclaimers

  • Disclaimer # 1
    Nothing on this website constitutes legal, medical, or other professional advice.

    In addition, nothing on this blog serves to create any kind of professional relationship whatsoever.
  • Disclaimer # 2
    The opinions expressed on this website are solely those of the contributors, and are NOT representative in any way of Baylor College of Medicine, the University of Texas Medical Branch, or the University of Houston as institutions, nor of any employees, agents, or representatives of Baylor College of Medicine, the University of Texas Medical Branch or the University of Houston.

About

Licensing & Copyright

July 2010

Sun Mon Tue Wed Thu Fri Sat
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Current MH Reading

Search This Blog

  • Google

    WWW
    www.medhumanities.org

About