What Pharma Companies Spend on Marketing & RD
The poor Pharmaceutical companies just can't afford R&D, they have to spend over twice as much on maketing. Plus they have to spend so much to buy Congressmen like our very own Harold Ford. Just say no to drugs!!
Company Marketing costs, Research and Development
Pfizer $16.90 billion, $7.68 billion
GlaxoSmithKline $12.93 billion, $5.20 billion
Sanofi-Aventis $5.59 billion, $9.26 billion
Johnson & Johnson $15.86 billion, $5.20 billion
Merck $7.35 billion, $4.01 billion
Novartis $8.87 billion, $4.21 billion
AstraZeneca $7.84 billion, $3.80 billion
Hoffman La Roche $7.24 billion, $4.01 billion
Bristol-Myers Squibb $6.43 billion, $2.50 billion
Wyeth $5.80 billion, $2.46 billion
Abbott Labs $4.92 billion, $1.70 billion
Annually, the industry spends up to $60 billion on drug marketing—nearly twice what it spends on research and development. In 2004, Pfizer spent almost $120 million for media ads for Lipitor, the world's number-one selling prescription drug, while companies promoting erectile dysfunction treatments Viagra, Levitra and Cialis spent $425 million. Direct to consumer advertisement has also grown significantly: from $791 million in 1996 to $3.8 billion in 2004.
Lobbying numbers since 1998
Amount spent on lobbying $675 million
Lobbyists 3,009
Former officials who registered to lobby 1,014
Former members of Congress who lobbied 75
Bills lobbied More than 1,600
Money the pharmaceutical industry spent to directly influence public policy since 1998.
Federal lobbying $675 million
Federal Campaign Contributions $87 million
State Political Contributions $46 million
527 Donations $10 million
Total $818 million
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