Reply to post: @Intractable Potsherd

R&D money for science – from your taxes?

Tom 13

@Intractable Potsherd

You and Sir Winston are both damning examples of the confirmation bias of progtards. According to the most recent information it costs $2.5 BILLION and take 10 years to successfully develop a new drug. Nobody spends anywhere near 10% of that on marketing.

http://www.scientificamerican.com/article/cost-to-develop-new-pharmaceutical-drug-now-exceeds-2-5b/

To get a feel for the real percentages spent on marketing vs R&D you have to look at the yearly spending for both.

Pfizer topped that list with $622.3 million in ad spending last year [2012]. Pfizer came in fourth on FierceBiotech's list of R&D budgets, with $7.9 billion. That means DTC ads were less than one-tenth the size of its R&D budget.

http://www.fiercepharma.com/story/does-pharma-spend-more-marketing-rd-numbers-check/2013-05-21

That puts their marketing costs at less than 10% of what they spend on R&D and well withing normal expectations for most industry.

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