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Tuesday, December 17, 2013

Glaxo 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.

The announcement appears to be a first for a major drug company — although others may be considering similar moves — and it comes at a particularly sensitive time for Glaxo. It is the subject of a bribery investigation in China, where authorities contend the company funneled illegal payments to doctors and government officials in an effort to lift drug sales.

Andrew Witty, Glaxo’s chief executive, said in a telephone interview Monday that its proposed changes were unrelated to the investigation in China, and were part of a yearslong effort “to try and make sure we stay in step with how the world is changing,” he said. “We keep asking ourselves, are there different ways, more effective ways of operating than perhaps the ways we as an industry have been operating over the last 30, 40 years?”

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4 comments:

Anonymous said...

It's about time!

Anonymous said...

If all of the drug manufacturers would stop advertising on TV - they could use the advertising money to reduce the costs to the end consumer.

If you can't buy it without restrictions - it shouldn't be advertised...like cigarettes and alcohol...

Aside from the fact that a lot of viewers are duped in to recognizing false symptoms and going to their doctor for the advertised drug.....

Anonymous said...

They're going to stop... but, what about all of the others. Now that Glaxo will pull that cash off the table, the doctors will move on to a pharma company who will pay them. It's one way for them to keep their salaries up, while their monies dwindle due to insurance haggling. They have to have an ancillary income, or they're doomed, personally.

Since people are sheep, they will follow the marching orders, and not educate themselves. Doctors don't always know best, especially when there's a kick back on the table.

Anonymous said...

Saw a local psychiatrist that was always trying to get me to take a new medication every other month. I finally found out that he got a kick back for every drug he promoted by the numbers and went to another doctor who said he is famous for those actions and that I probably didn't need any medication but therapy. Thank goodness I listened to the second guy b/c I could have been on a life time of pills that I didn't even need. I was just paying for his car habit.