Pharmaceutical Research and Manufacturers of America

Pharmaceutical Research and Manufacturers of America
AbbreviationPhRMA
Formation1958
PurposeTrade association
Lobbying
HeadquartersWashington, D.C., U.S.
Board Chair
Ramona Sequeira
Board Chair
Vasant (Vas) Narasimhan, M.D.
President
Stephen J. Ubl
WebsiteOfficial 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]

  1. ^ a b "Pharmaceutical Research and Manufacturers of America". National Health Council. November 4, 2014. Retrieved December 11, 2017.
  2. ^ The Editorial Board (November 27, 2015). "Turn the Volume Down on Drug Ads". New York Times. Retrieved November 27, 2015.
  3. ^ "Pharmaceutical Research and Manufacturers of America". C-SPAN. Archived from the original on April 6, 2022. Retrieved April 6, 2022.
  4. ^ "PhRMA Warns of Dire Consequences if Medicare Allowed to Negotiate Drug Prices". www.medpagetoday.com. September 8, 2021. Retrieved October 3, 2021.
  5. ^ "How Big Pharma is fighting Biden's program to lower seniors' drug costs". The Washington Post. March 11, 2024. Retrieved March 13, 2024.
  6. ^ Hancock, Jay (December 18, 2017). "In Election Year, Drug Industry Spent Big To Temper Talk About High Drug Prices". NPR. Retrieved October 3, 2021.
  7. ^ Hancock, Jay (July 27, 2018). "The Stealth Campaign to Kill Off Obamacare". The New York Times. ISSN 0362-4331. Retrieved October 3, 2021.

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search