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    GSK Says It Will Stop Paying Doctors
    avatar
    bobby75703 posted:
    This is definitely a step in the right direction.

    GSK says it will stop paying Doctors to promote drugs.

    The British drug maker GlaxoSmithKline will no longer pay doctors to promote its products and will stop tying compensation of sales representatives to the number of prescriptions doctors write, its chief executive said Monday, effectively ending two common industry practices that critics have long assailed as troublesome conflicts of interest....


    Article in full:
    http://www.nytimes.com/2013/12/17/business/glaxo-says-it-will-stop-paying-doctors-to-promote-drugs.html?_r=0
    Reply
     
    avatar
    iride6606 responded:
    What did we learn in the other thread? The majority of money spent by drug companies to doctors goes to research. In GSK's case, of the $120M spent in 2011, $92M went to research. From your post;


    Glaxo will continue to pay doctors consulting fees for market research because Mr. Witty said it was necessary for the company to gain insight from doctors about their products, but he said that activity would be limited in scope. A Glaxo spokesman said that each year the company spends "tens of millions" of dollars globally on the practices that it was ending, but declined to be more specific.


    Based on 2012 numbers, only $10M in reimbursements to doctors is being eliminated from READING THE ARTICLE.


    So you see, very little changes but again, it makes a nice headline and gets all the muckrakers in our society excited.


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