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SHOT/CHASER: PhRMA Attacks House Democrats’ Bill Because it Reins in Their “Record-Level Profits”

By October 10, 2019No Comments

SHOT: PhRMA CEO Warns Pelosi Bill To Lower Drug Prices Would Be ‘Devastating’ For Industry [The Hill, 10/10/19]

CHASER: September 2019 Axios Analysis Found That The Health Care Industry Continued To “Rake In Record-Level Profits” In The Second Quarter, With Year-Over-Year Earnings Increasing By 23 Percent. “Big Pharma Remains The Cash King… Drug companies collected almost half of all health care profits despite generating less than 20% of industry revenue. 12 of the 16 most profitable companies in Q2 were pharmaceutical firms.” [Axios, 9/19/19]