{"id":677,"date":"2017-04-01T01:32:27","date_gmt":"2017-04-01T01:32:27","guid":{"rendered":"http:\/\/www.besthealthsciencedegree.com\/?page_id=677"},"modified":"2017-05-20T16:20:55","modified_gmt":"2017-05-20T16:20:55","slug":"5-myths-about-big-pharma","status":"publish","type":"page","link":"http:\/\/www.besthealthsciencedegree.com\/lists\/5-myths-about-big-pharma\/","title":{"rendered":"5 Myths About Big Pharma"},"content":{"rendered":"
Big Pharma consists of the world\u2019s largest publicly traded pharmaceutical companies. There are a lot of myths and conspiracy theories surrounding this industry. Sometimes it gets to the point where you don\u2019t even know what to believe. Here are the top five myths we would like to debunk in this post.<\/p>\n
People say that most pharmaceutical institutions double the costs of researching and developing new drugs to charge high prices. This is an outright lie that should be refuted immediately. Most research and development initiatives in this industry cost millions of dollars. In addition, all these expenditures are subject to public scrutiny at every stage of development. So, there is no need to exaggerate them at any moment. Reports have it that pharmaceutical companies in the US spend more than $50 billion in research and development. This expenditure accounts for 21 percent of all the research and development spending by all businesses in the country. This level of spending is what is needed to provide new medicines to people all over the world.<\/p>\n