The Pharmaceutical Research and Manufacturers of America (PhRMA) experienced a significant drop in dues, losing almost $100 million. This decline comes as several major pharmaceutical companies, including AbbVie, Amgen, and Eli Lilly, have left the organization. PhRMA, which represents the biopharmaceutical industry, saw its revenue from dues decrease from $487 million in 2021 to $390 million in 2022. The exit of these companies was influenced by disagreements over the group’s lobbying strategies and the increasing pressure from public and political scrutiny on drug pricing. Despite the financial hit, PhRMA’s CEO, Steve Ubl, remains optimistic, stating that the organization is adapting to a changing environment. The departure of these firms highlights a shift in the industry’s approach to advocacy and representation.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
