research and development

Putin’s SOTN Part VIII – Russia as a Technology Center

Our review of the State of the Nation speech given by President Vladimir Putin draws to a close. The speech was massive, and there remain in fact areas that we still did not cover that are worth reading in the full speech, linked here. However, insofar as Russian technology meets the world stage, this last area, scientific research and development, is extremely visible and important.

Pharma Companies Spend 19x more on Marketing than Research, and Returns are Dropping

The pharmaceutical industry swears the high cost of drugs is due to research and development costs, conveniently omitting the actual amount of money spent on the marketing of these drugs, which is exorbitantly more. A recent Deloitte report suggests that pharmaceutical companies are taking a hit because investments made in R&D on new drugs simply are not paying off anymore. [1]