World News Insights
1-3 Minute Gist

All Topics Article

Document Details Plan to Promote Costly Drug

New York Times Original article ›

Keywords:

LyrArc Article Gist
This example of how Forest Laboratories hoped to market an antidepressant Lexapro to doctors through financial incentives to prescribe the drug is detailed in a document that was made public by the Senate's Special Committee on Aging. The document is the "Lexapro Fiscal 2004 Marketing Plan." Forest licensed Celexa from Lundeck of Denmark and brought it to the US market in 1998. Then as the drug's patent life was short it tinkered with it and developed a new version calling it Lexapro and introduced it in the US market in 2002. Withits marketing effort Lexapro had $2.3 billion in sales in 2008, while all the time generic versions of Celexa and other durgs in its class sell for afraction of the Lexapro price. For instance amonth's supply of 5 millgram tablets of Lexapro costs $87.99 at drugstore.com, while a month's supply of generic version of Prozac is $14.99. Forest spends a lot compared to its larger rivals on sending money to doctor's. In the plan $34.7 million was to go to pay 2,000 psychiatrists and primary care doctors to deliver 15,000 marketing lectures to their peers that year. $36 million was to go to providing lunch to doctors in their offices. Asks Senator Herb Kohl, a Democrat from Wisconsin who is chairman of the Committee on Aging- "is the line between medical education and marketing blurred." For these companies there was no line.

Changing marketing landscape for Drug Companies

10/02/2006

Controversial practices of some companies, Changes in the marketing strategies and practices of companies like Pfizer.

Grouped Articles

Glaxo Epilepsy Drug Is Linked to Defects Found in Newborns - WSJ.com

Wall Street Journal 10/02/2006

How Glaxo Marketed a Malady to Sell a Drug - WSJ.com

Wall Street Journal 10/25/2006

Pfizer to Cut 20% Of U.S. Sales Force, Signaling End of Era - WSJ.com

Wall Street Journal 11/29/2006

AstraZeneca Vows to Work With FDA - WSJ.com

Wall Street Journal 11/28/2006

Cephalon Used Improper Tactics To Sell Drug, Probe Finds - WSJ.com

Wall Street Journal 11/21/2006

Taking Risk for Profit, Industry Seeks Cancer Drugs

New York Times 09/02/2009

Pfizer.

01/19/2006

Grouped Articles

Pfizer's Net Income Declines

Wall Street Journal 01/19/2006

Weak Sales Prompt Pfizer to Cancel Diabetes Drug

New York Times 10/19/2007

Pfizer Unit, UCB Form a Venture

Wall Street Journal 10/21/2008

Drug Makers, Facing Critics, Will Stop Some Ads

Wall Street Journal 12/11/2008

Pfizer Plans to Lay Off Up to 2,400 in Sales

Wall Street Journal 01/17/2009

Pfizer Deal to Buy Wyeth Leaves Doubts

Wall Street Journal 01/27/2009


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us