7 August 2022 - PhRMA President and CEO Stephen J. Ubl released the following statement after the U.S. Senate passed a reconciliation spending bill, which includes a proposal that would allow the government to set prices for prescription medicines:

“Today’s vote may feel like a political win for Democrats, but it’s really a tragic loss for patients. This drug pricing plan is based on a litany of false promises. They say they’re fighting inflation, but the Biden administration’s own data show that prescription medicines are not fuelling inflation."

Read Pharmaceutical Research and Manufacturers of America press release