Business News  Business Roundups   Australia   Canada   Europe   United States  Careers  Classified  Feature Article  Information Technology  New Technology  Education News  World Facts  Book Reviews  Archives/Research Search Tell your friends about this page Receive articles in your mailbox Privacy Policy

World Facts Are Pharmaceutical Drug Prices Justified by Research & Development September 2002 In only 5 out of 12 countries surveyed did a majority agree that current drug prices are justified by the cost of research and development. On the positive side, in all 12 countries majorities agree that the benefits of pharmaceutical drugs in treating illness far outweigh the risk of side effects. Consumers Split on Whether R&D Justifies Drug Prices. When asked, " Do you agree or disagree: Pharmaceutical drug prices are justified because companies need money to research and develop new drugs?"   agree disagree Urban India 61% 25% United Kingdom 58% 38% France 57% 42% Canada 57% 43% Urban South Africa 50% 31% United States 47% 53% Urban China 46% 47% Japan 41% 59% Germany 39% 58% South Korea 36% 59% Urban Brazil 35% 62% Urban Russia 32% 50% Two-thirds (65%) Believe the Benefits of Pharmaceutical Drugs Far Outweigh the Risks On another question in the survey, two-thirds (65%) of the 12 countries surveyed feel that the benefits of modern pharmaceutical drugs in treating illness far outweigh the risk of side effects. In the U.S. the figure is 64%. Residents of urban India (76%), France (71%) and urban Brazil (70%) are most likely to agree. From a global perspective, men (67%) and women (63%) both seem convinced of the benefits. Global Research Methodology These international survey research data were collected via Ipsos-Reid's Global Express, a quarterly international omnibus survey. Fieldwork was conducted between February 20 and March 20, 2002. About Ipsos-Reid Ipsos-Reid has been tracking public opinion around the world for over 20 years and has become a leading provider of global public opinion and market research to public, private and not-for-profit organizations in over 50 countries. It is a member of the Paris-based Ipsos Group, ranked among the top ten research groups in the world. For more information about this poll please contact: Edward Morawski Ipsos-Reid (212)265-3200 For other inquiries contact: North America: Gus Schattenberg, Vice President Ipsos Reid, Vancouver 604-893-1606 Europe: Douglas Rosane, Director Ipsos Management, Paris (33) 1 53 68 19 67   © Copyright 2002 Galt Western Personnel Ltd. Unless otherwise specified, you may reprint this article, quote from it, use it in research or projects, duplicate it or distribute it. Credit of authorship and source MUST be given to galtglobalreview.com. Ownership of Copyright remains with Galt Western Personnel Ltd.     Return to Top      Business News / Business Roundup - Australia / Canada / Europe / United States / Careers / Classified / Information Technology / New Technology / Education News / World Facts / Book Reviews / Archives/Research