What Big Pharma Fears Most: A Trump Alliance With Democrats to Cut Drug Prices - News Summed Up

What Big Pharma Fears Most: A Trump Alliance With Democrats to Cut Drug Prices


He is likely to be succeeded as chairman by Senator Charles E. Grassley, an Iowa Republican who is more of a populist on health policy. He wrote the provisions of federal law that require drug companies to disclose the payments they make to doctors for research, consulting, speaking, travel and entertainment. Mr. Grassley is also the foremost champion of whistle-blower laws, under which drug companies have paid billions of dollars to resolve allegations that they defrauded the government or engaged in illegal marketing practices. Rujul Desai, a lawyer, said in a webinar that the firm had done “war-gaming exercises” with senior drug company executives to prepare them for possible congressional investigations and hearings on drug prices. A vast majority of the investment in drug development comes from private industry, not the government.”


Source: New York Times October 20, 2018 12:57 UTC



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