[news] State Senator Calls Out Drug Industry; Wants Accounting of Firms' Expenses

[Resist!ca]

Pasadena Star-News By Gary Scott, Staff Writer; Tuesday, April 26, 2005 - PASADENA -- California now spends more than $4 billion a year on prescription drugs, and one Democratic law maker says it is time for the companies reaping the profits to make an accounting. Sen. Jack Scott, D-Pasadena, has introduced a bill that would require pharmaceutical companies doing business with the state to reveal how much they spend on marketing each year relative to what they spend on research. Scott said the state has the right to know if sky rocketing drug prices are due to massive investments in research, as the pharmaceutical companies contend, or massive investments in television advertising to sell the popular medications.

URL: http://resist.ca/story/2005/5/4/122349/3113