Posted by Michael Wonder on 06 Jul 2020
Pharma industry seizes on pandemic as a shot at redemption
6 July 2020 - It is almost five years since Hillary Clinton sent her $15 billion tweet.
Locked in a bruising battle with Bernie Sanders for the Democratic party’s US presidential nomination, Mrs Clinton wiped billions of dollars off the value of America’s drugmakers in late September 2015 by vowing to take on the “outrageous” pricing of certain medicines.
The 89-character warning helped to usher in a period during which the threat of a root-and-branch reform of drug pricing has hung over the US pharmaceuticals industry.
But as America’s politicians struggle to manage the country’s worst public health emergency in decades, drugmakers have seized on the coronavirus pandemic as a rare opportunity to recast the industry’s reputation.
