A Quote by Joseph Stiglitz

Drug companies spend more on advertising and marketing than on research, more on research on lifestyle drugs than on life saving drugs, and almost nothing on diseases that affect developing countries only. This is not surprising. Poor people cannot afford drugs, and drug companies make investments that yield the highest returns.

Joseph Stiglitz

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Advertising Advertising And Marketing Affect Afford Almost Cannot Companies Countries Developing Developing Countries Diseases Drug Drug Companies Highest Investments Life Life Saving Lifestyle Make Marketing More Nothing Only People Poor Poor People Research Returns Saving Spend Surprising Than Yield

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Joseph Stiglitz
American - Economist
Born: February 9, 1943

Drug companies say they need to charge ever-higher prices to cover their research costs, but they spend far less on research and development than they do on marketing and administration, and afterwards they actually keep more in profits.

Marcia Angell

For all of life's discontents, according to the pharmaceutical industry, there is a drug and you should take it. Then for the side effects of that drug, then there's another drug, and so on. So we're all taking more drugs, and more expensive drugs.

Marcia Angell

A lot of medicines are not there to cure diseases. That's fine - drugs that keep people alive who wouldn't otherwise be alive are useful. What I object to is the drug companies' advertising, which you see everywhere in the U.S., which claims that they are curing diseases when they're not.

Richard J. Roberts

The same drugs are way cheaper in Germany than in America because, obviously, if all sickness funds negotiate with the drug companies for a single price, then the market power of the sickness funds is fully used. So therefore you would expect the prices to be lower for the drugs in Germany, and this is exactly what you see, at least for non-generic drugs.

Karl Lauterbach

So here's the situation confronting the drug firms: The drugs cost more to make, but they can't charge more for them. What do they do? Increasingly, the U.S. market is driving them toward drugs aimed at the diseases of richer, older Americans and away from antimicrobials, vaccines, and the like.

Donald Kennedy

If you look at the expenses of a great pharmaceutical company, they pay between about 10 to 15 percent of their expenses for research, but they use 30 to 40 percent of their incomes for marketing and promotion. It is not completely wrong that they spend so much, but it is not correct to say that there is a direct connection between the price of drugs and the cost of research. It could be more between the cost of marketing and the cost of the drugs.

Pascal Couchepin

"Drugs" are not necessarily narcotics. The narcotic is one type of drug and coffee is a drug... booze is a drug... many drugs.... They're all around us.

Hunter S. Thompson

It is incomprehensible that drug companies still get away with charging Americans twice as much, or more, than citizens of Canada or Europe for the exact same drugs manufactured by the exact same companies.

Bernie Sanders

When we find unjustified spikes in the prices of long-standing life-saving drugs, we should slap penalties on companies trying to cheat people who need those drugs!

Hillary Clinton

I love seeing people react to my music. Its like a drug, one of the strongest drugs ever in my opinion. Not that I'?m doing drugs.. I just love that feeling. Putting out a feeling and having it really be the one is more addicting than anything in my life now.

Drake

We don't argue if drug companies create drugs that can cure humans and charge lots of money for them, even though we all have these diseases. It will be pretty hard to make a different argument for genes.

Leroy Hood

Our government is committed to investing in world-class research networks such as GlycoNet, which will develop new drugs and vaccines to fight diseases that affect millions of Canadians. These investments will improve our quality of life and contribute to the creation of a stronger, more innovative economy and a more prosperous Canada.

Rona Ambrose

Drug use, some might say, is destroying this country. And we have laws against selling drugs, pushing drugs, using drugs, importing drugs. And the laws are good because we know what happens to people in societies and neighborhoods which become consumed by them. And so if people are violating the law by doing drugs, they ought to be accused and they ought to be convicted and they ought to be sent up.

Rush Limbaugh

Simply because you take drugs does not mean you are an expert on them. In fact, there seems to be an inverse relationship between drug consumption and drug knowledge: more of the former results in less of the latter. If that seems obvious, you have probably gone easy on the former, though this relationship only applies to curious people who are seriously interested in drugs.

Hamilton Morris

They said I ignored the drug problem. Well, I gave speeches on drugs, I wrote books on drugs. I did darn near everything on drugs!

Pat Paulsen

Most Americans violate drug laws in their lifetime, but the enemy in this war has been racially defined. Not by accident, the drug war has been waged almost exclusively in poor communities of color, even though studies have consistently shown - for decades - the people of color are no more likely to use or sell illegal drugs than whites.

Michelle Alexander

A Quote by Joseph Stiglitz

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