Minister of Fire
- Oct 10, 2011
I think current conditions would have a major influence on the split. Just think of the money poured into vaccines at this point.Not trying to get in an argument here... but I'm fairly certain this is not true.
I am not in the pharmaceutical field, but I am in an R&D field. Pharmaceutical companies spend an ENORMOUS amount of money on R&D. I am green with envy when I look at how much they spend on R&D. They also spend an ENORMOUS amount of money on marketing, and there are some pharmaceutical companies that spend more on marketing than R&D. However, most do not.
Average Research & Development Costs for Pharmaceutical CompaniesPharmaceutical companies tend to have the highest research and development costs, dedicating about 17% of revenues to it.www.investopedia.com
Like I said, I'm not an expert in this area, but a quick google search showed me that what I had heard (I know a lot of people in research at Pfizer) seems to be correct.
I am not at all trying to defend big pharma here, or anything like that. Just wanted to address what seemed to me to be some misinformation.
Between 2008-2015, solid fuel manufacturers pumped money into R&D in order to meet compliance of the 2015 NSPS.
Then once that was satisfied, money shifts to marketing those products.