Pharmaceutical Research and Manufacturers of America
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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, DC.[1]
Abbreviation | PhRMA |
---|---|
Formation | 1958 |
Purpose | Trade association Lobbying |
Board Chair | Ramona Sequeira |
Board Chair | Vasant (Vas) Narasimhan, M.D. |
President | Stephen J. Ubl |
Website | Official website |
Formerly called | Pharmaceutical Manufacturers Association |
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), the Koch brothers' Americans for Prosperity and Grover Norquist's Americans for Tax Reform, while rarely providing some donations to centrist or moderately right-leaning groups such as Center Forward.[7]