Yesterday, in Halifax, representatives from the university said very clearly—everyone has a say in the matter—that the pharmaceutical companies' research is not very robust. At lot of statistics indicate that companies making brand name products are not putting any of their profits back into research as far as new drugs are concerned. Often research is done at the level of me-too drugs. There's a lot of evergreening that is done and changes of that nature, but no new pharmaceutical products.
On October 25th, 2006. See this statement in context.