Introduction
For years, the public has viewed the pharmaceutical industry negatively. Negative public sentiment reached particularly low levels in 2019. In Gallup’s annual survey of opinions about different industries, the pharmaceutical industry ranked dead last, with 58% viewing it negatively and only 27% viewing it positively. In fact, these ratings were the lowest since Gallup began collecting data on different industries in 2001. According to Gallup’s analysis, high drug costs, massive advertising and lobbying spending and the opioid crisis have all tarnished the industry’s public image (McCarthy, 2019).
However, some data suggests that public opinion of the pharmaceutical industry dramatically improved during the pandemic (Anderson, 2021). In a March 2021 survey of likely voters conducted by the progressive think tank Data for Progress, results showed that a majority of respondents (56%) had favorable opinions of pharmaceutical companies. Gains for Pfizer and Moderna, two of the companies developing Covid vaccines, were even more notable, with 65% and 60% respectively reporting favorable opinions of these companies (Chen, 2021).
While pharmaceutical companies’ reputation surged during the COVID-19 pandemic, some recent research suggests their reputation is returning to its normal lows as the pandemic has subsided. Gallup shows positive opinions of the industry dropped to 31% in 2021 and then 25% in 2022, and even further to 18% in 2023. Even vaccine creators Moderna and Pfizer’s reputations have not been immune to this drop (Bushak, 2023; Reed, 2022).
In contrast, however, Harris polls reported 45% positive perceptions in both 2022 and 2023 – lower, admittedly, than the 62% high in 2021 but still higher than pre-pandemic levels (Endpoints, 2024).
Whatever the general sentiment about the industry, we know the public is concerned about high drug prices (Lawson, 2021; Hamel et al., 2022) and the extent to which these prices are driven by profit motive. Findings in this area have been mixed. In a 2021 Kaiser Family Foundation survey, while 78% believed profit was a major contributing factor to drug prices, 68% believed research and development was a major factor as well. (Hamel et al. 2022). A recent DOAR survey, conducted in 2023, explored this issue and found that residents of New Jersey and Delaware, two states with large pharmaceutical company presences, held largely favorable views of pharmaceutical companies. Moreover, these positive views prevailed despite many respondents’ beliefs that pharmaceutical companies prioritized profits over patients.
In our latest research, DOAR expanded the study to a national sample and included additional timely topics, including the opioid epidemic and pricing issues around new weight-loss drugs.