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Drugmakers' spending on stock, dividends and executive pay exceeds research, Democrats say

The largest drug companies are far more interested in enriching themselves and investors than in developing new drugs, according to a House committee report released Thursday that argues the industry can afford to charge Medicare less for prescriptions.
The report by the House Oversight and Reform Committee says that contrary to pharmaceutical industry arguments that large profits fund extensive research and innovation, the major drug companies plow more of their billions in earnings back into their own stocks, dividends and executive compensation.
And they can do it largely because Congress has imposed few restrictions on their pricing in the United States including in the Medicare program, which is not permitted to negotiate drug prices, House Democrats say. ....

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Drugmakers' spending on stock, dividends and executive pay exceeds research, democrats say

Drugmakers' spending on stock, dividends and executive pay exceeds research, democrats say
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Big Pharma Spend More on Exective Pay and Dividends Than Research

Big Pharma Spend More on Exective Pay and Dividends Than Research
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Biogen Inc.: Collaboration Between AbbVie, Biogen and Pfizer Creates World's Largest Browsable Resource Linking Rare Protein-Coding Genetic Variants to Human Health and Disease

Biogen Inc.: Collaboration Between AbbVie, Biogen and Pfizer Creates World's Largest Browsable Resource Linking Rare Protein-Coding Genetic Variants to Human Health and Disease
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Market gears up for biosimilar boom in 2023 as Humira exclusivity draws to a close

Market gears up for biosimilar boom in 2023 as Humira exclusivity draws to a close
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