Pfizer, GlaxoSmithKline and Merck & Co disclose payments to US medics
In voluntary disclosures US drugs behemoth Pfizer (NYSE: PFE) and UK pharma giant GlaxoSmithKline (LSE: GSK) yesterday revealed payments made to US physicians and scientists for a variety of profession activities.
Pfizer disclosed that it has paid US doctors and researchers about $177 million last year for a range of professional activities. About 61% of the spending was for clinical trials and other research development activities, $34.4 million went to “expert-led forums,” $18 million on meals and $8.9 million went to “professional advising." In 2010, Pfizer spent a total of $9.4 billion on R&D.
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