There is some argument that is always made by the pharma companies that if there is some pushback on their pricing power, that somehow means they are not going to innovate. I find that to be bogus because they are spending more on advertising than they are on research.
Peter Welch: “There is some argument that is always made by the pharma companies that if there is some pushback on their pricing…”
Editor's note · Context
Welch criticizes pharma companies' claims about pricing affecting innovation.
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