Wednesday, September 7, 2011

Piercing the Veil, More Drug Companies Reveal Payments to Doctors


``Eight pharmaceutical companies, including the nation's three largest, doled out more than $220 million last year to promotional speakers for their products, according to a ProPublica analysis of company data.
For the first time, all these companies have reported a full year of payments, allowing for head-to-head comparisons of how much they spent on physicians to help push their pills.´´


Company2010 Speaker Payments2010 U.S. Sales
Lilly$61,477,547$14.3 billion
GlaxoSmithKline$52,755,793$13.6 billion
Pfizer$34,382,574$26.2 billion
AstraZeneca$31,647,101$18.3 billion
Merck$20,365,446$18.8 billion
Johnson & Johnson$11,712,900$12.9 billion
Cephalon$4,241,080$2.1 billion
ViiV Healthcare$3,975,102Unavailable

(Regular Medical Education is required to renew the medical license, Doctors need to attend seminars and take courses. However, in hundreds of hours of Medical Education  I have attended, the speakers have not promoted any one drug in particular. Doctors pay to receive the medical education credits. MJ)