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How Much Does the Public Trust Big Pharma?

Posted on July 28, 2016

Pharmaceutical companies have never had a stellar reputation in terms of ethics, and have often been accused of price gouging, being less than upfront about side effects, and bribing doctors to increase the amount of prescriptions they write for a medication. A recent article published on Businessinsider.com examined a study by the research consulting firm, Reputation Institute, which evaluated the public perception of 14 pharmaceutical companies. The study rated companies in seven key areas, including:

  • Products and services
  • Innovation
  • Workplace
  • Governance
  • Citizenship
  • Leadership
  • Financial performance

Not surprisingly, the pharmaceutical industry continues to have a poor public perception, particularly by individuals aged 18 to 24. Look below to see how these major drug companies ranked, number one having the best public perception and number 14 having the worst public perception.

    14.) Pfizer
    13.) Bristol-Myers Squibb
    12.) Novartis
    11.) GlaxoSmithKline
    10.) AbbVie
    8.) a tie between AstraZeneca and Eli Lilly
    7.) Allergan
    6.) Sanofi
    5.) Merck
    4.) Roche
    3.) Novo Nordisk
    2.) Abbott Laboratories
    1.) Bayer

One can speculate that Bayer had the highest public perception due its familiarity, having been founded in 1863, and its association with such household staples as Aspirin and Alka Seltzer. But let’s not forget that Bayer also introduced heroin as a cough suppressant and non-addictive substitute for morphine.

If you have used a medication and suffered side effects of any kind, you may be entitled to compensation for your injuries from that drug’s manufacturer. But, pharmaceutical companies are powerful entities with deep pockets, and they will fight any legal claims against them. To have a successful claim against a drug manufacturer, you’ll need an aggressive attorney on your side. The pharmaceutical litigation lawyers at Farah & Farah are tough and experienced, and can get you the settlement you deserve. Call Farah & Farah for a free consultation by dialing 1(800) 533-3555 today.