Comment on India firm shakes up cancer drug market with price cutsparentComments−cdooh14yI meant western companies how much do they send? I once read an article that suggested that even after they've made back the money spent on R&D they still keep their prices high to keep making a profit−jeffool14yAs an example, GlaxoSmithKline spends 8.826M GBP/13.8683M USD on marketing/sales and cost of business, and 4.009 GBP/6.2993M USD on research.Most of them make this publicly available on their financial reports on their websites.http://www.gsk.com/investors/reps11/GSK-Annual-Report-2011.p... Page 136−ams611014yWell most people are not in business to just break even on their costs.
Comments
I meant western companies how much do they send? I once read an article that suggested that even after they've made back the money spent on R&D they still keep their prices high to keep making a profit
As an example, GlaxoSmithKline spends 8.826M GBP/13.8683M USD on marketing/sales and cost of business, and 4.009 GBP/6.2993M USD on research.
Most of them make this publicly available on their financial reports on their websites.
http://www.gsk.com/investors/reps11/GSK-Annual-Report-2011.p... Page 136
Well most people are not in business to just break even on their costs.