Have you ever waited long past your appointment time in a Doctor's Office? Once in a while other patients do take longer than expected. But if you saw a person with a briefcase walk
up to the receptionist and be led straight back. you are in for a long wait, They are the Drug Reps. Currently, there are approximately 81,000 pharmaceutical sales representatives in the United States.
Commercial stores and pharmacies are a major target of non-prescription sales and marketing for pharmaceutical companies
There has been increasing controversy surrounding pharmaceutical marketing and influence. There have been accusations and findings of influence on doctors and other health professionals through drug reps, including the constant provision of marketing 'gifts' and biased information to health professionals; highly prevalent advertising in journals and conferences; funding independent healthcare organizations and health promotion campaigns; lobbying physicians and politicians (more than any other industry in the US); sponsorship of medical schools or nurse training; sponsorship of continuing educational events, with influence on the curriculum; and hiring physicians as paid consultants on medical advisory boards.
To help ensure the status quo on U.S. drug regulation and pricing, the pharmaceutical industry has thousands of lobbyists in Washington, DC that lobby Congress and protect their interests. The pharmaceutical industry spent $855 million, more than any other industry, on lobbying activities from 1998 to 2006, according to the non-partisan Center for Public Integrity.
Antipsychotic drugs are now the top-selling class of pharmaceuticals in America, generating annual revenue of about $14.6 billion. Every major company selling the drugs.
On 2 July 2012, GlaxoSmithKline pleaded guilty to criminal charges and agreed to a $3 billion settlement of the largest health-care fraud case in the U.S. and the largest payment by a drug company.[83] The settlement is related to the company's illegal promotion of prescription drugs, its failure to report safety data, bribing doctors, and promoting medicines for uses for which they were not licensed. The drugs involved were Paxil, Wellbutrin, Advair, Lamictal, and Zofran for off-label, non-covered uses were involved in the kickback scheme.
Top 3 United States largest health care companies ranked here by revenue as of March 2010
Company Total Revenues Net income loss R&D Expenses
- 1 Johnson
- & Johnson $61.9 Billion $12,266 Million 6,986 Million
- 2. Pfizer 50.01 8,635 7,845
- Hoffmann–La Roche in Switzerland has additional revenue not included here.
- 3. Abbott
- Laboratories 30.76 5,746 2,744
This is an incomplete list, which may never be able to satisfy particular standards for completeness. The 2011, global spending on prescription drugs topped $954 billion. The United States accounts for almost half of the global pharmaceutical market, with $340 billion in annual sales followed by the EU and Japan. Emerging markets such as China, Russia, South Korea and Mexico outpaced that market, growing a huge 81 percent.
According to IMS the global pharmaceutical industry can reach to US $1.1 trillion by 2014 DO NOT BUY INTO IT.
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