I don't like to generalize, and I haven't kept up with the stats (it upset me too much tbh)....
When I was in college in 2007, I took a Business Ethics course...
privately owned, major pharma companies were spending their funds on....
20% Research & Development on drugs
80% MARKETING & advertising
Capitalism at it's finest...
The majority of life saving drugs are not being produced... literally.. because the company will not make a profit on it. If only the poor need the drugs, the wouldn't be able to pay.
One company, Merc, manufactured a Malaria drug for 3rd world nations and gave it out for $5 or less. It was the "golden" case study. However, this was their last "hail Mary" play, because they were losing so much business due to a scandal.
That is just the tip of the ice burg. I won't go on...
|