U.K. Pediatricians Refuse Money from Baby Formula Companies
Story Highlights The United Kingdom’s Royal College of Pediatrics and Child Health (RCPCH) has moved to stop accepting any funds from manufacturers of infant formula. The formula companies have a long history of questionable marketing ploys, particularly targeting poor and uneducated women in developing countries. The benefits of exclusively feeding babies with breast milk for […]
Global Vaccine Market Forecast to Surpass $50 Billion by 2024
The global vaccine market is forecast to reach $50.9 billion by 2024, according to a new study released by Market Study Report of Selbyville, Delaware. This projection would represent an increase of 30.45 percent over today’s vaccines market, estimated at $35.4 billion, or a compound annual growth rate of about 6.2 percent.1 2 The revenue […]
Popular DNA Testing Company Signs $300 Million Deal With Big Pharmaceutical Company
It might be time for people to reconsider before they spit in a tube. Online genetic testing services are wildly popular. Many people use services such as 23andMe and Ancestry.com to learn about their ancestral pasts. Many also use these services to gain more profound insights into their biological makeup, which is often used to […]
Medical Marketing in the U.S. Increases to $30 Billion
A recent study published in The Journal of the American Medical Association (JAMA) shows that expenditures on medical marketing in the United States significantly increased between 1997 and 2016. The study showed that spending on medical marketing rose from $17.7 billion in 1997 to $29.9 billion in 2016.1 Health care spending in the U.S. is […]
Global Vaccine Market Projected to Surge to $58 Billion by 2025
The global vaccine market is expected to surge to $57.5 billion by 2025, up from $33.7 billion in 2018, according to new figures from market research firm Research and Markets of Dublin, Ireland. The 7.9 percent compound annual growth rate (CAGR) predicted for the next 20 years is attributed to “increasing government initiatives towards immunization,” […]
Physician Scientists Fail to Disclose Pharma Conflicts of Interest in Medical Journals
Story Highlights Physician scientists are failing to disclose their financial ties to drug and health care companies in medical journals that publish scientific research widely considered to be reputable, and journals are failing to enforce disclosure requirements. The collaboration between the pharmaceutical industry and medical journals compromises public trust. These financial relationships between medical journals and the pharmaceutical industry […]