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Drug companies spend millions in first-year marketing
Healthcare Strategist Trend Watch, September 22, 2006
In the first year a pharmaceutical product is available, its company may spend between $1 million to $50 million on marketing, according to a new report from the Durham, NC-based research firm Cutting Edge Information. The study found that brands with higher sales expectations spend dramatically more than drug companies that have modest revenue goals. Potential big sellers, for example, spent more than $150 million over a three-year span, while smaller niche products spent less than $30 million in that time, according to a Cutting Edge release.
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