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To: areafiftyone
industry spokesman Grayson said. Also, prices are higher in the United States because that is where the drug companies recoup their costs for the research and development of new drugs, he said.

That's Baloney. I don't know about Mexico but drugs are not advertised in Canada and the pharmaceutical companies spend far more on advertising in the US than they do on R&D, which incidentally, is largely covered by tax incentives, out right grants and University research programs. And not all drugs are discovered and developed in the US

The US consumes 42% of the world's prescribed drugs, twice the Canadian consumption per person, and pays twice as much. The second highest net profit for industrial sectors was around 5-6%. For the pharmaceutical sector last year in the US profit was the highest , 18%.

18 posted on 06/08/2003 2:13:55 PM PDT by Snowyman
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To: Snowyman
pharmaceutical companies spend far more on advertising in the US than they do on R&D,

My understanding is that a large fraction of what is lumped under advertising is free samples given to Doctors who in turn give them to patients - in other words free drugs. Yes, that is "advertising", but it is not what most people think of when they hear the word advertising.

24 posted on 06/08/2003 2:28:48 PM PDT by FairWitness
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