Direct from the horses mouth:
http://www.reuters.com/article/marketsNews/idINL247649320081202?rpc=44
U.S.-style TV drug ads a big mistake -Roche exec
Tue Dec 2, 2008 8:28am EST By Ben Hirschler
LONDON, Dec 2 (Reuters) - U.S.-style direct advertising to consumers has been a big mistake for the global drug industry, undermining the reputation of the sector in the eyes of patients, according to a top executive at Roche.
"Direct-to-consumer promotion was the single worst decision for the industry," William Burns, the Swiss group's head of pharmaceuticals, told an FT conference in London on Tuesday.
"When industry says we're spending all the money on R&D but actually it's spending it on TV advertising to preserve margins, it doesn't get much credibility," he added.
True. Are there any other drugs that are being developed for the current market other than Actemra? I'm not aware of any but I haven't searched in a while. They also seem to spend a ton of money on developing new, more expensinve ways to deliver the treatments. I have no idea how true this is but I was told once that is one of the ways that drug companies keep anyone from making a generic of the biologics. Every so many years, when the patent for an injection method/device runs out they develop a new way to do it so they can renew keeping generics off the market.
True. Are there any other drugs that are being developed for the current market other than Actemra? I'm not aware of any but I haven't searched in a while. They also seem to spend a ton of money on developing new, more expensinve ways to deliver the treatments. I have no idea how true this is but I was told once that is one of the ways that drug companies keep anyone from making a generic of the biologics. Every so many years, when the patent for an injection method/device runs out they develop a new way to do it so they can renew keeping generics off the market.
Will Biological Drugs Go Generic?
A bill in Congress could let generic drugmakers manufacture these pricey meds. But biotechs like Amgen claim they're too complex for others to make safely
WASHINGTON (By John Carey, BusinessWeek) March 15, 2007 — In the fight to tame health-care costs, generic drugs provide a rare success story. These copies of brand-name medicines now account for 60% of all U.S. prescriptions. They shaved tens of billions of dollars off the nation's 3 billion drug bill in 2006.
But this remedy has a serious limitation: Generics are allowed only for traditional, chemical compounds whose patents have expired. You can't get them for complex biological drugs such as hormones or antibodies used in cancer treatments. Some of the world's most potent and popular medicines fall into this biotech basket, and existing federal laws prevent them from going generic.
While that's good news for biotech companies, whose drugs enjoy staggering monopoly prices, it's agony for patients and their insurers. A year's worth of Genzyme's Cerezyme, for a rare ailment called Gaucher's disease, can top 0,000. Genentech's cancer drug Avastin costs as much as 0,000 per year. That places a huge burden on companies who cover the treatments in their health plans, and on consumers with high co-pays. "It's our single fastest-growing category of health costs," observes Sidney Banwart, human-services vice-president at equipment maker Caterpillar. "The trend is simply not sustainable."