Pharmaceutical Companies facts

While investigating facts about Pharmaceutical Companies Near Me and Pharmaceutical Companies In India, I found out little known, but curios details like:

Nine out of the ten largest Pharmaceutical companies in the world spend more on marketing than R&D

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Dr. Kelsey, despite immense pressure from pharmaceutical companies, decided not to approve thalidomide for morning sickness in the U.S., saving a whole generation of children from death and deformities

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In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what pharmaceutical companies are in china. Here are 50 of the best facts about Pharmaceutical Companies Uk and Pharmaceutical Companies In Nj I managed to collect.

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Nine out of 10 big pharmaceutical companies spend more on marketing than on research
The United States avoided the thalidomide tragedy because FDA inspector Frances Kelsey blocked its approval based on lack of safety data despite pressure from her FDA supervisors and the pharmaceutical company. Meanwhile, 10,000 thalidomide babies were born in Europe, Australia, and Japan
From 2013 to 2016, US physicians accepted $24.94 billion from pharmaceutical companies, in nearly 41 million transactions, and there is a searchable web database where you can find out if your doctor has accepted any payments, from whom, how much, and the nature of the payment.
Dr. Frances Kelsey a female Canadian/American pharmacologist working for the FDA in the 1960s who stopped authorization of Thalidomide (a drug that caused the deformation in fetuses) saving countless children and also helping reform standards in the FDA/U.S against pharmaceutical companies
In a study, medical residents were asked if they would consider wearing a pharmaceutical company advertising patch on their lab coat for $100 annually and only 13% said they would. Upon emptying their pockets, 97% were carrying pharmaceutically branded materials.
The United States and New Zealand are the only countries on earth which allow pharmaceutical companies to advertise to the public.
There is no longer any anti-venom available if you are bitten by a coral snake. Production of coral snake anti-venom ceased in 2008 because pharmaceutical companies found it to be unprofitable.
In 1997, the FDA rules governing pharmaceutical advertising changed, allowing companies to name their drug and what it's for, while only naming the most significant potential side effects. Nielsen estimates there's an average of 80 drug ads every hour on American television, up from 3 in 1996
Over a span of six years, pharmaceutical companies have sent 400 pain pills to West Virginia for every person living in West Virginia.
Through a US government website you can find out how much pharmaceutical companies are bribing your specific doctor

pharmaceutical companies facts — What pharmaceutical companies do?

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You can easily fact check why do pharmaceutical companies lobby governments by examining the linked well-known sources.

A 2012 report in the British Medical Journal found that pharmaceutical companies spent 19 times more on marketing than on basic research.

Pharmaceutical companies pay their competitors to not make generic forms of their drugs so they can continue to charge more to consumers. - source

A study estimated that pharmaceutical companies spend more money on advertising than they do on research and development. - source

The pharmaceutical company, Gilead, developed a drug that can cure Hepatitis C which led to plummeting stock prices as fewer patients required the drug due to the fact that it worked so well.

Heroin was made popular in 1898 by the Bayer pharmaceutical company. They advertised Heroin as a non-addictive morphine substitute and cough suppressant. - source

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A woman sued Bayer Pharmaceutical Company for performing grotesque medical tests on her and her sister at Auschwitz during WWII after they were sold to the company by the Nazis.

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The German pharmaceutical company Bayer knowingly sold blood-clotting agents infected with HIV to Asia and Latin America months after withdrawing them from Europe and the US

Only two countries (US and New Zealand) allow pharmaceutical companies to advertise drugs directly to consumers.

The cosmetics company L'Oreal grows approximately five square meters of human skin per year (derma farming) to be used for pharmaceutical and cosmetic testing.

The difference between a biotechnology company and a pharmaceutical company -- both produce medicines, but a biotech's medicines have a biological basis, and a pharmaceutical's medicines have a chemical basis.

The only pharmaceutical company in the US that manufactured coral snake antivenom has stopped doing so because it isn't profitable. There is no know date for when new antivenom will be available.

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Pharmaceutical company Aventis stopped production of a cure for sleeping sickness, a lifesaving drug for millions of Africans, between 1995-2001 because it wasn’t making enough profit. Instead the product was marketed in the West as women’s facial hair removal cream.

Bayer, one of the biggest pharmaceutical company, was involved in human trafficking during WWII, where they bought groups of women from Auschwitz to conduct secrets experiments on them.

There are only 2 countries in the world that allow pharmaceutical companies to advertise directly to consumers: the US and New Zealand.

A synthetic version of horseshoe crab blood has existed for 15 years and that the practice of bleeding horseshoe crabs alive by the pharmaceutical industry is outdated and unnecessary. Some companies are beginning to commit to the humane synthetic alternative.

75% of the annual $700 million budget of the FDA is funded by pharmaceutical companies due to the "Prescription drug user fee act".

How pharmaceutical companies make money?

Renowned Harvard psychologist Jerome Kagan is sceptical of the mental-health establishment and pharmaceutical companies, accusing them of incorrectly classifying millions as mentally ill out of self-interest and greed

GlaxoSmithKline a Pharmaceutical Company Lost 3 Billion after Pleading Guilty to Labelling Wellbutrin as a Drug that Would make you "happy, horny and skinny"

After spending a 18 months doing boring analytical quality control for a food company, Elion was finally able to secure a position as a research assistant to George H. Hitchins at the Burroughs-Wellcome pharmaceutical company.

In 2012 GlaxoSmithKline, the world's sixth largest pharmaceutical company as of 2015, pleaded guilty to promotion of drugs for unapproved uses, failure to report safety data, and kickbacks to physicians, in the United States and agreed to pay a $3 billion settlement.

German pharmaceutical company 'Bayer' originally manufactured Heroin in 1898 as a treatment for morphine addiction

8 of the top pharmaceutical companies in America spend more on marketing than on research and development

Hoggmann-La Roche, a pharmaceutical company that made almost $10bn in 2014 was found out to be a part of a large conspiracy in 1999 to fix prices for vitamins, for a second time, and fined $500m, the first whistleblower was found out and sent to jail and so his wife committed suicide

Exclusive sale rights of colchicine, a 2000-year-old treatment for gout, was given to a pharmaceutical company in 2009. They raised the price 50x, costing the government over $50 million/year.

A pharmaceutical company raised the price of one of their treatments b 97,000%. What once cost $40 is now $39,000.

Merck, the chemical and pharmaceutical company (that was also the parent corporation of US-based Merck & Co.) is 349 years old. It was founded in Darmstadt by a German pharmacist Friedrich Jacob Merck in 1668. His family still owns majority of the shares.

Coca-Cola uses the Coca leaf, the plant from which cocaine is produced, in it's formula. It removes the cocaine and sells it to Mallinckrodt, a pharmaceutical company that processes cocaine for medical use.

That, pharmaceutical company, GlaxoSmithKline tested experimental drugs on Hispanic and African American children in New York orphanages.

A publicly traded American pharmaceutical company, Gilead Sciences Inc., owns the patents on compounds that cure almost all patients with Hepatitis C, a disease that affects almost 200 million people worldwide

Morphine was the first pharmaceutical derived from a natural product; Opium. Its mass production in 1827 by Merck Pharmaceutical transformed the company from a family business to the global company existing today.

Stepan Company legally imports 100 metric tons of dried coca leaves every year. The extracted cocaine is sold to a single pharmaceutical firm while the leaves are sold to Coca Cola.

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