Drugmaker Group Sets Lobbying Record: PhRMA Spent Almost $10 Million In First 3 Months of 2018

Bloomberg
Ben Brody and
Anna Edney
April 20, 2018, 4:14 PM EDT Updated on April 20, 2018, 8:29 PM EDT

PhRMA spent almost $10 million in first three months of 2018 

[Ed; Gee, wonder what kind of They're expecting in return.]

Group sought to stop legislation to help generic companies

The drug industry set several quarterly records for lobbying spending in the first three months of 2018 as it faced pressure from President Donald Trump’s administration and lawmakers on drug pricing, generic medicines and trade.

The Pharmaceutical Research and Manufacturers of America spent $9.96 million on federal lobbying, according to disclosures filed Friday with the government. The trade group increased its spending by nearly $2 million from the same period in 2017, when it also set a quarterly record.

Bayer Corp., AbbVie Inc., Sanofi US, Novo Nordisk A/S and Celgene Corp all reached new highs in their spending as well. Spending on lobbying was reported twice a year until 2008.

PhRMA lobbied against legislation to stop drugmakers from denying generic-drug companies the ability to study their products to bring low-cost competition to market. At one point, the measure was close to being included in budget legislation passed by Congress in February.

PhRMA won that battle but ended up taking a rare loss that will cost the industry billions. Looking for ways to raise funds for the budget measure, lawmakers changed a formula under Medicare’s prescription drug benefit that would require drugmakers to offer larger discounts to patients with high medical bills.

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Thank You Bloomberg. 

PhRMA Is The Most Effective Lobbying Group In Washington DC?

pharmalot has;

PhRMA Is The Most Effective Lobbying Group In Washington DC?
Posted Thu, 07/25/2013 - 6:52am by Ed Silverman 

Drugmakers are apparently getting their money’s worth from the dues they pay to PhRMA, the industry trade group. A new survey of 456 policymakers in Washington, DC, ranks the Pharmaceutical Research and Manufacturers of America as the best in four out of 15 important categories, suggesting the trade group is arguably the most effective in the nation’s capital.

So which categories? PhRMA was voted the best at lobbying, multilateral impact, local impact and membership mobilization. The only other trade associations to capture more than one top slot were the US Travel Association, with three number one rankings, and the US Chamber of Commerce, which earned the highest praise for two other categories - coalition building and events.

The results should cheer drugmakers, of course, because the findings indicate that PhRMA is earning its keep when it comes to several key functions, especially in a global economy. The group has, for instance, been very aggressive in reaching out to the Obama administration and the House and Senate to influence the outcome of international trade talks.

Thank You Mr. Silverman and Pharmalot

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