A new study says that pharmaceutical companies have been putting medical discoveries on the back burner in favor of making profits with inefficient drugs, the Daily Mail reports.
According to the British Medical Journal, 85 to 90 percent of all prescription drugs developed in the past 50 years provide few benefits, but many have caused hazardous side-effects.
University of Medicine and Dentistry of New Jersey and Joel Lexchin from York University in Toronto said this happens because innovation is discouraged and most research funding doesn’t actually go to research.
For every dollar that goes toward finding breakthrough medicine, $19 goes to marketing and promoting mediocre drugs.
Experts say a way to combat the issue is to stop approving so many drugs with little value.
Researchers from the London School of Economics propose that drug manufacturers prove that their medicine is superior to existing treatments.
Read entire report here: http://bit.ly/NEwZAE
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