For Immediate Release:
Contact: Lauren Blair
The trade association representing the world’s biggest drug manufacturers – which are making record-breaking profits – is investing millions of dollars into … lobbying, advertising and public relations with the goal of “convincing the public that the industry isn’t ‘getting away with murder,’ as Trump put it, and that others are to blame for the country’s [out-of-control drug prices],” according to Axios in an in-depth look at the trade association’s tax filing for 2017.
According to the trade association’s 990, the organization last year spent:
Beyond the traditional lobbying and communications efforts, what stood out prominently in the filing was the organization’s large contribution to the Addition Policy Forum, a nonprofit partnership focused on preventing and treating addiction. This contribution seems wildly disingenuous when you consider that the trade association’s members:
Just as CSRxP said in response to Pfizer’s recent price-gouging announcement, “pharmaceutical companies can’t be expected to do the right thing. It will be up to Congress and President Trump to hold them accountable through bipartisan, market-based solutions.”
About the Campaign for Sustainable Rx Pricing
The Campaign for Sustainable Rx Pricing (CSRxP) is a broad-based coalition of leaders – physicians, nurses, hospitals, consumers, health plans, PBMs, pharmacists, and businesses – promoting bipartisan, market-based solutions to lower drug prices in America.