Monday, October 23, 2006

Big Pharma Boosts Ad Spending

Big Pharma Boosts Ad Spending (for charts)

OCTOBER 23, 2006

There is not much snoozing happening in this category.

Pharmaceutical brands posted a 41.2% increase in measured ad spending for the first half of 2006, to $1.54 billion, according to TNS Media Intelligence data aggregated by Advertising Age. Lunesta, a sleep aid marketed by Sepracor, accounted for much of that increase, vaulting from the 227th spot in 2005 to No. 37 this year, up 289%, with $162 million in ad spending for the first six months of this year. Ambien, a rival product marketed by Sanofi-Aventis, showed similar gains, up 102.5%, with $113.8 million in advertising support.

But consumers apparently were not swayed by the six-month advertising push for sleep remedies. They were more depressed than sleepless, judging by the top 10 online search terms for pharmaceutical products in July, according to Hitwise. Lexapro and Cymbalta, both antidepressants, were the top two brand names consumers searched for that month. According to the TNS data, Lexapro's ad spending did not make the list of the top 200 brands, while Cymbalta, which gained approval from the Food and Drug Administration last year, ranked 198th, with $50.1 million in measured ad spending for the first half of 2006.

Even without heavy advertising support, consumers still have to check with their doctors before they can get a prescription for what ails them. And physicians need time to learn about the risks and benefits that come with each new drug before they are besieged by patients. Eight out of 10 doctors surveyed by MedPanel in August favored a moratorium on advertising new drugs to consumers, which is one of the guidelines worked out between the Pharmaceutical Research and Marketing Association trade group and the FDA last year.

For information on how drug companies are using the Internet, read eMarketer's Pharmaceuticals Online: Direct-to-Patient Becomes a Reality report.

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Danny Haszard said...

Eli Lilly 3Q 10% profit rise is nearly all from psyche drugs including zyprexa.How have they schemed to squeeze more money from their zyprexa cash cow when pill production has actually gone down?

ANS-Eli Lilly profiteers have jacked up the price of zyprexa to the federal govt,from the Medicare D payouts.Eli Lilly is a big drug company that puts profits over patients.

They covered up findings that their Zyprexa has a TEN times greater risk of causing type 2 diabetes

Only 9% of Americans trust big pharma,right around the same rating as tobacco companies.

Daniel Haszard Eli Lilly zyprexa drug caused my diabetes