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`Total: $219 million
`
`As the last to the market in the new generation of blood thinners,
`Bristol-Myers Squibb ($BMY) and Pfizer ($PFE) overcompensated
`with ad spending on their joint—venture dug in 2014. Eliquis‘ paid
`media spending topped $219 million, an increase of 89% year over
`year
`
`
`
`Last year, Eiquis was also approved as a treatment for deep vein
`thrombosis and pulmonary embolism, a smaller but important
`market sector, which may have spurred ad spending at the end of the year. The
`tight three—way competition likely was another factor in increased spending, as all
`three sought to stand out from the me—too crowd. Some speculated that Eliquis
`increased spending to take advantage of litigation woes for Bayer and Johnson &
`Johnson's ($JNJ) Xarelto and Boehringer IngeIheim's Pradaxa, with lawsuits
`involving bleeding complications mounting against the two. The increase in paid
`media comes on top of BMS and Pfizer's doling out of $8 million in doctor fees last
`year for Eliquis, the second-highest for any single dnig, while the joint venture also
`expanded its sales force for the dmg.
`
`Like most of the top-spending prescription drugs, the bulk of Eliquis advertising
`was spent on TV. Eliquis TV commercials bashed on previous generation drug
`warfarin, instead of taking on the current cornpetition—market leader Xarelto and
`Pradaxa, Actors in the Eliquis TV ads outline direct comparisons to warfarin,
`explaining point by point how Eliquis is better.
`
`Still, results have been disappointing for BMS and Pfizer, which expected a
`blockbuster in Eliquis, but have yet to break the $1 billion barrier. Sales for 2014
`were $774 million.
`
`For more:
`
`BMS, Pfizer pull out all the stops to give Eliquis sales a 02 jolt
`BMS, Pfizer's Eliquis gets a NICE boost in rivalry with Pradaxa, Xarelto
`Should Eliquis’ surge make Xarelto fans very, very afraid? Not really, analyst says
`
`
`Special Report: The top 10 most-advertised prescription drug brands
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`|[ Cialis
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`ll Lyrica
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`Latuda
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`Xeljanz
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`litpJlwww.fiercephar'manakdir1g.corn/specid-repoi’ts/top-10-most-advertised-prescri nion—¢ug-braxis-eliqis
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