Abbreviation | PhRMA |
---|---|
Formation | 1958 |
Purpose | Trade association Lobbying |
Headquarters | Washington, D.C., U.S. |
Board Chair | Ramona Sequeira |
Board Chair | Vasant (Vas) Narasimhan, M.D. |
President | Stephen J. Ubl |
Website | Official website |
Formerly called | Pharmaceutical Manufacturers Association |
Pharmaceutical Research and Manufacturers of America (PhRMA, pronounced /ˈfɑrmə/), formerly known as the Pharmaceutical Manufacturers Association,[1] is a trade group representing companies in the pharmaceutical industry in the United States. Founded in 1958, PhRMA lobbies on behalf of pharmaceutical companies.[2][3] PhRMA is headquartered in Washington, D.C.[1]
The organization has lobbied fiercely against allowing Medicare to negotiate drug prices for Medicare recipients,[4] and filed lawsuits against the drug price provisions in the Inflation Reduction Act.[5] At the state level, the organization has lobbied to prevent price limits and greater price transparency for drugs.[6]
PhRMA has given substantial dark money donations to right-wing advocacy groups such as the American Action Network, which lobbied heavily against the Affordable Care Act, Americans for Prosperity, and Americans for Tax Reform.[7]
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