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Report: Pharma Spent $120M on Lobbying Last Year
January 24, 2020
New federal disclosures revealed that 34 major pharmaceutical companies spent more than $120 million on lobbying last year, STAT reports.
The drugmakers, which include Pfizer, Johnson & Johnson and Merck, are members of PhRMA. According to the report, PhRMA broke its previous record on lobbying spend in 2019 with $28.9 million, up from $27.5 million in 2018.
According to the report, the pharmaceutical industry was able to keep at bay numerous legislative efforts to reduce drug prices.