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{{Infobox organization
{{Infobox organization
| name = Pharmaceutical Research and Manufacturers of America
| name = Pharmaceutical Research and Manufacturers of America
| logo = PhRMA logo.svg
| abbreviation = PhRMA
| abbreviation = PhRMA
| formation = 1958
| formation = 1958

Revision as of 00:12, 31 October 2021

Pharmaceutical Research and Manufacturers of America
AbbreviationPhRMA
Formation1958
PurposeTrade association
Lobbying
Key people
Steve Ubl (chairman, September 2015)
George A. Scangos(Chairman of the Board)
WebsiteOfficial website
Formerly called
Pharmaceutical Manufacturers Association

Pharmaceutical Research and Manufacturers of America (PhRMA, pronounced /ˈfɑrmə/), formerly known as the Pharmaceutical Manufacturers Association,[1] is a trade group representing companies in the pharmaceutical industry in the United States. Founded in 1958,[2] PhRMA lobbies on behalf of pharmaceutical companies.

The organization has lobbied fiercely against allowing Medicare to negotiate drug prices for Medicare recipients.[3] At the state-level, the organization has lobbied to prevent price limits and greater price transparency for drugs.[4] PhRMA has given substantial dark money donations to right-wing advocacy groups such as the American Action Network (which lobbied heavily against the Affordable Care Act), the Koch Brothers' Americans for Prosperity and Grover Norquist's Americans for Tax Reform, while also providing some donations to centrist and left-leaning groups.[5]

Leadership

George A. Scangos, CEO of Biogen, is chairman of the PhRMA board. Joaquin Duato, chairman of Johnson & Johnson's pharmaceutical division, is chairman-elect and Joseph Jimenez, former CEO of Novartis, is board treasurer.[6]

Previous leadership includes: John J. Castellani, formerly head of the Business Roundtable, a U.S. advocacy and lobbying group[7] and Billy Tauzin, a former Republican congressman from Louisiana.[8][9][10]

Steve Ubl became PhRMA's chairman in September 2015.[11] PhRMA is headquartered in Washington, DC.[1]

In 2017, the organization had revenue of $455 million, $128 million of which was spent on lobbying activities.[12]

The company has notably opposed market pricing strategies of Valeant Pharmaceuticals, deriding the firm as having a strategy "reflective of a hedge fund".[13]

Programs

SMARxT Disposal is a joint program run by the U.S. Fish and Wildlife Service, the American Pharmacists Association, and PhRMA to encourage consumers to properly dispose of unused medicines to avoid harm to the environment.[14]

The Partnership for Prescription Assistance is a program by PhRMA and its member companies that connects patients in-need with information on low-cost and free prescription medication.[14] PhRMA has in 2017 raised concerns over price increases for generic drugs out of patent by the company Marathon Pharmaceuticals over Duchenne muscular dystrophy treatment.[15]

The company has advocated abroad in South Africa regarding pharmaceutical drug intellectual property rules.[16]

In January 2018, the organization introduced the "Let's Talk About Cost" website, which makes the argument that much of the cost of medication goes to middlemen unassociated with pharmaceutical companies.[17][12]

See also

References

  1. ^ a b "Pharmaceutical Research and Manufacturers of America". National Health Council. November 4, 2014. Retrieved December 11, 2017.
  2. ^ The Editorial Board (November 27, 2015). "Turn the Volume Down on Drug Ads". New York Times. Retrieved November 27, 2015.
  3. ^ "PhRMA Warns of Dire Consequences if Medicare Allowed to Negotiate Drug Prices". www.medpagetoday.com. September 8, 2021. Retrieved October 3, 2021.
  4. ^ Hancock, Jay (December 18, 2017). "In Election Year, Drug Industry Spent Big To Temper Talk About High Drug Prices". NPR. Retrieved October 3, 2021.
  5. ^ Hancock, Jay (July 27, 2018). "The Stealth Campaign to Kill Off Obamacare". The New York Times. ISSN 0362-4331. Retrieved October 3, 2021.
  6. ^ "Biogen CEO George A. Scangos Becomes PhRMA Board Chairman". PhRMA. March 10, 2016.
  7. ^ whorunsgov.com Archived January 27, 2011, at the Wayback Machine
  8. ^ N.C. Alzenman and Dan Eggen (July 14, 2010). "Pharmaceutical group shifts tone with new pick for president". The Washington Post.
  9. ^ Judy Sarasohn (December 16, 2004). "Special Interests: Tauzin to Head Drug Trade Group". The Washington Post. p. A35.
  10. ^ Julian Pecquet (July 14, 2010). "PhRMA picks new president". The Hill. Vol. 17, no. 81. p. 22.
  11. ^ Stephen J. Ubl to Lead PhRMA as Next President and CEO. PhRMA website. September 25, 2015
  12. ^ a b Kanski, Alison (November 26, 2018). "PhRMA spent nearly 10 times 2016's sum on advertising last year".
  13. ^ "High price tags for medicines are about to come under renewed pressure". The Economist. Retrieved February 12, 2018.
  14. ^ a b "Patient Resources". Pharmaceutical Research and Manufacturers of America. Archived from the original on March 19, 2011. Retrieved April 6, 2011.
  15. ^ "Marathon gets the Shkreli treatment from industry after $89K drug dust up". Ars Technica. Retrieved February 18, 2017.
  16. ^ "Leaky pharma". The Economist. Retrieved February 12, 2018.
  17. ^ Campbell, Holly (January 24, 2018). "PhRMA launches new consumer-facing Let's Talk About Cost website".

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Pharmaceutical_Research_and_Manufacturers_of_America&oldid=1052768209"