Pharma lobby nears spending records with drug prices under fire

Bloomberg

23 April 2019 - Drug makers, groups disclose first-quarter spending increases.

Large drug makers and the industry’s primary trade group neared previous spending records on lobbying in the first three months of the year as President Donald Trump and Congress increased pressure to rein in the cost of medicine.

The Pharmaceutical Research and Manufacturers of America trade group, which represents 37 drug companies, spent $9.91 million in the first quarter, up from $6.03 million during the last quarter of 2018, and just shy of its record a year earlier, according to disclosures filed with Congress before a Monday deadline.

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Michael Wonder

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Michael Wonder