December 16, 2022
Life Sciences
  • AbbVie Inc is leaving the Pharmaceutical Research and Manufacturers of America (PhRMA) and the Biotechnology Innovation Organization, two of the most influential pharmaceutical trade groups. The pharmaceutical giant’s move comes as provisions in the Inflation Reduction Act to lower prescription drug costs will take effect, a crucial loss for the industry after it spent millions of dollars lobbying against the policies. (Articles here and here)