Invest in R&D before Promoting Existing Products
Weiss D, Naik P, Weiss R. The ‘big pharma’ dilemma: develop new drugs or promote existing ones? Nat Rev Drug Discov. 2009 Jul;8(7):533-4. Epub 2009 Jun 19. PMID: 19543223.
It makes sense:
"Our results indicate that investments in R&D have a positive effect on stock prices, and thus increase a company’s long-term value, whereas investments in promoting existing products have a negative effect on stock prices."
A thought-provoking paper. Comments?
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