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Pharmaceutical Research and Manufacturers of America

Logo of the Pharmaceutical Research and Manufacturers of America.

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's stated mission is advocacy for public policies that encourage the discovery of new medicines for patients by companies engaged in pharmaceutical and biopharmaceutical research. Steve Ubl became PhRMA's chairman in September 2015.[3] 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.[4]

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LeadershipEdit

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, CEO of Novartis, is board treasurer.[5]

Previous leadership includes: John J. Castellani, formerly head of the Business Roundtable, a U.S. advocacy and lobbying group[6] and Billy Tauzin, a former Republican congressman from Louisiana.[7][8][9]

The company has notably opposed market pricing strategies of Valeant Pharmaceuticals, deriding the firm as having a strategy "reflective of a hedge fund".[10]

ProgramsEdit

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.[11]

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.[11] 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.[12]

The company has advocated abroad in South Africa regarding pharmaceutical drug intellectual property rules.[13]

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.[14][4]

Related SitesEdit

See alsoEdit

ReferencesEdit

  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. ^ Stephen J. Ubl to Lead PhRMA as Next President and CEO. PhRMA website. September 25, 2015
  4. ^ a b Kanski, Alison (November 26, 2018). "PhRMA spent nearly 10 times 2016's sum on advertising last year".
  5. ^ "Biogen CEO George A. Scangos Becomes PhRMA Board Chairman". PhRMA. March 10, 2016.
  6. ^ whorunsgov.com Archived January 27, 2011, at the Wayback Machine
  7. ^ N.C. Alzenman and Dan Eggen (July 14, 2010). "Pharmaceutical group shifts tone with new pick for president". The Washington Post.
  8. ^ Judy Sarasohn (December 16, 2004). "Special Interests: Tauzin to Head Drug Trade Group". The Washington Post. p. A35.
  9. ^ Julian Pecquet (July 14, 2010). "PhRMA picks new president". The Hill. 17 (81). p. 22.
  10. ^ "High price tags for medicines are about to come under renewed pressure". The Economist. Retrieved February 12, 2018.
  11. ^ a b "Patient Resources". Pharmaceutical Research and Manufacturers of America. Archived from the original on March 19, 2011. Retrieved April 6, 2011.
  12. ^ "Marathon gets the Shkreli treatment from industry after $89K drug dust up". Ars Technica. Retrieved February 18, 2017.
  13. ^ "Leaky pharma". The Economist. Retrieved February 12, 2018.
  14. ^ Campbell, Holly (January 24, 2018). "PhRMA launches new consumer-facing Let's Talk About Cost website".

External linksEdit