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**beloveds** · 08-29-2006, 08:00 AM

So are you saying that the pharmaceutical companies should just pack up and disappear? That drug companies shouldn't make a profit in order to fund more research? Be thankful that they at least produce drugs to combat sickness and that there are cures for some diseases.

I made none of these claims. You haven't refuted or offered a counter point on any of the substantive issues I have mentioned.

Profit for funding research sure - but a significant % of profits do not go towards actual R&D.

Pfizer, "the world's largest research based pharmaceutical company," only spent (in millions) 1,875 on R&D for Q2 '05. This is only about half of its NET INCOME of 3,463. If you were to factor in outrageous executive salaries, goverment pork barreling the income of Pfizer would prolly be around 5,000. Interestingly enough, the Q2 '05 Net Income saw a 21% INCREASE from Q2 '04. Do you know what the % change was for R&D for Q2 '04 to Q2 '05? It was +3%(Barely counts for inflation). This is "The World's largets research based pharmacuetical company." That is their slogan not mine.

It would be a wonderous thing if all pharmas went non-profit. Then this enormous flow of money would be directed towards cures and most importantly the easy access of medicine to people around the world. For that I would be thankful.

I don't mean to deride the hard work put in by researchers, doctors, or adminstration/executives. I question merely the motives of the corporation that are painted in an altruistic light but when put under scrutiny a dusky shadow falls.

Quote was pulled from headline of pfizer.com
Quarterly Figures: pfizer.comhttp://www.pfizer.com/pfizer/download/news/2005q2_earnfin1.pdf

08-29-2006, 08:00 AM	#31
beloveds Join Date Oct 2005 Posts 591 Senior Member	So are you saying that the pharmaceutical companies should just pack up and disappear? That drug companies shouldn't make a profit in order to fund more research? Be thankful that they at least produce drugs to combat sickness and that there are cures for some diseases. I made none of these claims. You haven't refuted or offered a counter point on any of the substantive issues I have mentioned. Profit for funding research sure - but a significant % of profits do not go towards actual R&D. Pfizer, "the world's largest research based pharmaceutical company," only spent (in millions) 1,875 on R&D for Q2 '05. This is only about half of its NET INCOME of 3,463. If you were to factor in outrageous executive salaries, goverment pork barreling the income of Pfizer would prolly be around 5,000. Interestingly enough, the Q2 '05 Net Income saw a 21% INCREASE from Q2 '04. Do you know what the % change was for R&D for Q2 '04 to Q2 '05? It was +3%(Barely counts for inflation). This is "The World's largets research based pharmacuetical company." That is their slogan not mine. It would be a wonderous thing if all pharmas went non-profit. Then this enormous flow of money would be directed towards cures and most importantly the easy access of medicine to people around the world. For that I would be thankful. I don't mean to deride the hard work put in by researchers, doctors, or adminstration/executives. I question merely the motives of the corporation that are painted in an altruistic light but when put under scrutiny a dusky shadow falls. Quote was pulled from headline of pfizer.com Quarterly Figures: pfizer.comhttp://www.pfizer.com/pfizer/download/news/2005q2_earnfin1.pdf
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