Before digging in one’s pocket and paying a great deal on pharmaceuticals, consumers must research about the drugs they are prescribed because they could be ineffective. Or, they may be prescribed only because the prescribing physician made a deal with the pharmaceutical company. Here are some shocking statistics about the nature of the pharmaceutical industry:
1. Drug companies spend more than twice as much money on marketing than they do on research!
2. From 1998 to 2003, 487 new drugs came into the market, but only one-third of them contained new ingredients!
3. In 2001, drug companies paid for 60 percent of doctors’ continuing education costs.