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Thursday, Jul. 24, 2025

Did drug companies spend $10 billion on consumer advertising in 2024, making up nearly 25% of evening ad minutes?

Margaret Shreiner / Wisconsin Watch, Wisconsin Watch
yes

Pharmaceutical companies spent over $10.1 billion on drug advertising in 2024 with the top 10 drugs accounting for a third of spending. Over $5 billion of the spending was on TV ads, with the other half spent on radio, print, streaming and online ads.  

The advertising for these pharmaceutical companies made up 24.4% of evening ad minutes on news programs through ABC, CBS, CNN, Fox News, MSNBC and NBC between Jan. 1 and May 31 of this year. 

Drug company AbbVie spent the most, totaling over $1 billion on ads for Skyrizi and Rinvoq, which are used to treat inflammatory conditions. AbbVie increased spending on advertisements for Skyrizi by 150%.

Between 2023 and 2024, consumer advertising of the weight management drug Wegovy increased 330%. During that period, usage among teens increased 50%.

The U.S. is one of only two countries that allow direct pharmaceutical advertising.

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