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Our Agenda

Our Agenda

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We believe that patients should have access to innovative medicines.

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Innovation Ecosystem

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Government Price Setting

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Innovation Ecosystem

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Our mission is to conduct effective advocacy for public policies that encourage the discovery of important, new medicines for patients by biopharmaceutical research companies.

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Our Agenda

The United States leads the world in biopharmaceutical innovation. Unfortunately, our inefficient system is costing Americans more than it should and limiting our ability to focus on keeping people healthy. Price setting creates more bureaucracy and threatens future cures without helping most patients. We need to defend American leadership – preserving jobs, access to cures and future innovation.

PhRMA’s Policy Agenda

Our Commitment to a Healthier America

A healthier future requires a commitment to protect and strengthen America’s world-leading innovation ecosystem and reduce costs for Americans by taking on middlemen and unnecessary bureaucracy. Right now, 50% of brand medicine spending goes to someone who did not make the medicine.

These are our solutions to preserve and strengthen American competitiveness and ensure patients can access and afford the medicines that prevent, treat and cure disease:


chapter 1a

Adopt a pro-innovation regulatory and trade agenda
Preserve the uniquely American system that balances incentives for innovation with affordability by protecting intellectual property at home and abroad, modernizing the FDA to keep pace with innovation, defending American workers and limiting foreign free-riding through strong trade agreements.


chapter 2a

Protect the United States from the harms of price setting
Protect patients, pharmacists and providers from the harms of price setting policies that undermine innovation and create new access barriers for American patients.

Fix the IRA’s pill penalty to allow all medicines to compete for 13 years before eligibility for government price setting and prevent further expansion of price setting to maintain patient choice of medicines.


chapter 3a

Stop the abuse in the 340B hospital markup program
Pursue comprehensive reform that prevents abuse and ensures the 340B program lowers medicine costs for low-income patients.

Do not stand in the way of private market solutions that would ensure program compliance and limit illegal activity.


chapter 4a

Rein in the middlemen to put patients over PBM profits
Stop PBM practices that are driving up costs and limiting access for patients by sharing savings negotiated between manufacturers and PBMs directly to patients, delinking PBM compensation from the list price of medicine, ensuring patients benefit from manufacturer assistance programs and holding health plans accountable for providing patient care.

Read more about the American biopharmaceutical industry’s recent scientific breakthroughs and advances in medicine at This Is Innovation.

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