who do pharmaceutical companies donate to in elections

How much money has the pharmaceutical industry donated to political candidates?

The pharmaceutical industry in the US is seeking to allocate almost half of its political donations to Democratic candidates in this year’s election held next month as firms look to drive away threat to drug prices if Democrats come to power. Data from non-profit Center for Responsive Politics (CRP) reviewed by Reuters showed that industry-run political action committees (PACs) divided …

Which drug companies are donating the most money to Republicans?

The numbers on this page are based on contributions from PACs and individuals giving $200 or more. All donations took place during the 2021-2022 election cycle and were released by the Federal Election Commission on Sunday, March 21, 2021. Feel free to distribute or cite this material, but please ...

How much money has drug companies donated to Joe Biden’s campaign?

Jun 09, 2021 · Donations from companies like Pfizer and Amgen are among the most visibly widespread. Pfizer, which played arguably the biggest role in 2020’s vaccine race, also had a frenzied year politically. In...

Who did the drug industry give money to in 2018 elections?

Mar 23, 2022 · Every year, pharmaceutical companies contribute millions of dollars to U.S. senators and representatives as part of a multipronged effort to influence health care lawmaking and spending priorities.

What do pharmaceutical companies lobby for?

The pharmaceutical lobby refers to the representatives of pharmaceutical drug and biomedicine companies who engage in lobbying in favour of pharmaceutical companies and their products.

How much money does Pfizer spend on lobbying?

Pfizer topped the list of the largest pharma companies in the latest quarter, spending nearly $3 million on lobbying in Q4, which is about half a million more than they spent in the same quarter a year earlier, but not quite as high as its Q1 2020 level of more than $4 million.Jan 24, 2022

How much money do pharmaceutical companies spend on lobbying?

Annual Lobbying on Pharmaceuticals/Health ProductsClient/ParentTotalAlnylam Pharmaceuticals$740,000Zimmer Biomet$730,000Organon & Co$720,000Pharmaceutical Industry Labor-Management Assn$690,000216 more rows

Who funds the pharmaceutical industry?

The principal investors in drug development differ at each stage. While basic discovery research is funded primarily by government and by philanthropic organizations, late-stage development is funded mainly by pharmaceutical companies or venture capitalists.

Who does Pfizer lobby for?

Lobbyists representing Pfizer Inc, 2021Lobbying Firm HiredTotal Amount*Former Members of CongressLincoln Policy Group$160,000Non Former Members of CongressLincoln Policy Group$160,000Non Former Members of CongressMarshall & Popp$160,000Non Former Members of CongressMarshall & Popp$160,000Non Former Members of Congress69 more rows

Who are the biggest lobbyist?

Top lobbying spenders in the United States in 2020 (in million U.S. dollars)CharacteristicSpending in million U.S. dollarsNCTA The Internet & Television Association15.46Comcast Corp.14.43American Chemistry Council14Lockheed Martin12.969 more rows•Mar 4, 2021

How much does Eli Lilly lobbying cost?

A special interest's lobbying activity may go up or down over time, depending on how much attention the federal government is giving their issues....Total from Subsidiaries, 2021.SubsidiaryTotalLilly USA$500,000

What is the biggest pharmaceutical company?

5. NovartisCompany RankCompany NameMarket Cap Value1Johnson & Johnson JNJ$428.66 B2Roche RHHBY$320.41 B3Pfizer PFE$219.39 B4Eli Lilly LLY$208.99 B6 more rows•Sep 17, 2021

Who is the largest lobbying group in America?

Facebook and Amazon are now the top lobbying spenders in the USFacebook and Amazon have emerged as the biggest corporate lobbying spenders in the US, a report finds.Big Tech contributed at least 33% more in the 2020 election cycle than it did in 2018.More items...•Mar 25, 2021

Who created OxyContin?

Purdue PharmaOxyContin is a brand name, time-release formula of oxycodone, an opioid painkiller. The U.S. Food and Drug Administration (FDA) approved the drug in 1995. Purdue Pharma manufactures OxyContin. The company was created by members of the Sackler family, who are doctors.Nov 24, 2021

Is OxyContin still prescribed?

OxyContin, a trade name for the narcotic oxycodone hydrochloride, is a painkiller available in the United States only by prescription. OxyContin is legitimately prescribed for relief of moderate to severe pain resulting from injuries, bursitis, neuralgia, arthritis, and cancer.

Is Pfizer the largest pharmaceutical company?

Top ten pharma companies in 2020Johnson & Johnson – $56.1bn. Related. Analysis. ... Pfizer – $51.75bn.Roche – $49.23bn.Novartis – $47.45bn.Merck & Co. – $46.84bn.GlaxoSmithKline – $44.27bn.Sanofi – $40.46bn.AbbVie – $33.26bn.More items...•Oct 1, 2020

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This project is funded by a grant from the NIHCM Foundation. The foundation played no role in the reporting, editing, or presentation of the project.

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The pharma industry places its bets

The funding gulf could reflect industry projections that Biden will win the presidential election, according to Steven Billet, a George Washington University professor quoted in Kaiser Health News.

Similar goals, different strategies

Both Biden and Trump have promised to slash drug prices but have dramatically different strategies for accomplishing that objective. Trump, who campaigned in 2016 on the promise of lower drug costs, favors accelerating approvals for generic drugs while also pressuring pharmaceutical companies to lower Medicare pricing.

Who is Billy Tauzin?

On Covid, it’s certainly both — these corporations are being called to the aid of a country in crisis.”. Billy Tauzin, a former Louisiana congressman who later served as CEO of the trade group PhRMA, said in an interview that corporate PAC contributions should be viewed “in the eye of the beholder.”.

Who is Mitch McConnell?

Twenty-three of the 25 drug companies or trade group PACs in STAT’s survey contributed to Sen. Mitch McConnell, the Republican majority leader seeking reelection in 2020 who raked in more from the industry than any other lawmaker.

Will Biden lower drug prices?

House Democrats passed a bill to lower drug prices in 2019 and progressives in the Senate have similarly touted schemes to cap U.S. pharmaceutical prices based on the cost of drugs in other developed countries. A Biden presidency, given his sweeping drug pricing platform, would only add to the industry’s woes.

Will Medicare negotiate drug prices?

Democrats in the House have already advanced legislation to allow Medicare to negotiate drug prices and , echoing a Trump proposal, to cap U.S. prices based on what pharmaceutical companies charge for medicines in other countries.