Senator: big pharma is 'morally repugnant'

CNN Money

26 February 2019 - Seven executives of top pharmaceutical companies were grilled before a congressional panel Tuesday about the nation's skyrocketing drug prices, with one senator accusing Big Pharma of blaming everyone but themselves and another saying the execs were "stonewalling" in their answers.

The drama unfolded during a hearing before the Senate Finance Committee, the largest gathering in decades of pharmaceutical executives before a congressional panel.

Sen. Ron Wyden, the ranking member of the committee, blasted Big Pharma as "morally repugnant" and accused the companies of operating in an "unacceptable" way. He grew testy when he believed the executives weren't being forthcoming about reducing list prices.

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Michael Wonder

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Michael Wonder