phrma logo

PhRMA

PhRMA Sites

Login

Explore Member-Only Resources

Access exclusive advocacy, policy, and research materials through the member site.

Login now

About

About

Our Agenda

Our Agenda

Policy Issues

We believe that patients should have access to innovative medicines.

Learn More

Innovation Ecosystem

Intellectual Property

Research & Development

Future of Medicine

Government Price Setting

International

Innovation Ecosystem

Patient Access & Affordability

PBMs & Middlemen

Hospitals and 340B

Insurance Coverage

Cost of Medicines

Medicare & Medicaid

Patient Access & Affordability

Resources

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

Learn More

Resources

Resources

Newsroom

Newsroom

Blog

Blog

America's Medicines

PhRMA Foundation

PhRMA Foundation Logo

Voters for Cures

VotersForCures.org Logo

Working for Cures

workersforcures.org logo

This is Innovation

Innovation.org logo

View More

Search in PhRMA

Find resources, news, and articles related to policy issues and scientific innovation.

What are you looking for?

Most Recent

Policy Paper

Press

Blog

Report

Fact Sheet

Event

Resource

Pages

Leader

Author

Comment

America Cures

A Defining Moment in America's Biopharmaceutical Leadership

America’s leadership in medicine research and development powers global innovation and domestic economic growth. As we celebrate 250 years of American ingenuity, let's continue to embrace innovation and discovery for a healthier and more prosperous future – and we must prioritize and protect our uniquely American ecosystem.

America Cures: We get new medicines 3 years faster than other countries

America's leadership in medicine research, development and manufacturing depends on policies that create the strongest innovation ecosystem and ensure people can access and afford the medicines they need.

America's blueprint to win in medicines 

  • Strengthen the ecosystem that enables innovation
    • Protect strong intellectual property rights
    • Maintain a predictable regulatory environment 
    • Build a collaborative research infrastructure that can compete globally 
    • Preserve a competitive market free from government price controls 
  • Fix the system to make medicines more accessible and affordable
    • Address harmful system incentives that increase costs
    • Ensure patients get the medicines their doctors prescribe

Price controls and other anti-innovation policies undermine America's ability to compete globally and risk access to cures.

When America Leads in Medicines, Every American Benefits

Innovative treatments are transforming patient care and reducing long-term health care costs. Because of this ecosystem, American patients access breakthrough medicines years ahead of the rest of the world.

Watch Melissa's Full Story

America Cures: Melissa's story


The biopharmaceutical industry is expanding its U.S. footprint and investing in America’s future, fueling jobs, investment and economic growth in every state.

Explore our industry's investment in America

Medicines available here first

Fueling economic growth

Ensuring a more secure America

Leadership is a Choice; Smart Policies Make It Possible

Smart policy has created America’s innovation ecosystem and powered decades of breakthroughs in medicine.
 
While Europe adopted price controls and strict regulations, the United States rewarded risk-taking and innovation through smart federal policies, public-private partnerships and strong intellectual property protections.

The result: Europe gave up its leadership in medical innovation while the U.S. built a robust ecosystem of medical discovery.

Learn how smart policy built the U.S. innovation engine

America’s Biopharma Leadership is at Risk

For the first time in decades, America’s leadership is on the line, and we risk losing our competitive edge.

China is delivering on its plan to dominate the future of medicine development and now has the world’s fastest growing pipeline. At the same time, U.S. policymakers are advancing policies that would undermine America’s world-leading ecosystem.

China's Coordinated Strategy

U.S. Policy Uncertainty

Smart Policy Timeline

Smart Policy Has Powered America's Innovation Ecosystem

For over 40 years, the U.S. has led global biopharmaceutical innovation. This success is driven by a robust ecosystem of smart federal policies, public-private partnerships and strong intellectual property protections. These incentives ensure that R&D investments continue to turn scientific discoveries into life-changing treatments for patients in the United States and around the world.  

1980: Turning Discovery into Medicine

Bayh-Dole Act

The framework that enables the private sector to turn federally funded research discoveries into life-saving medicines for patients.

  • Then: Many promising ideas for new medicines were left undeveloped.
  • Policy Impact: Universities can license early-stage discoveries to biopharmaceutical companies who invest further to turn those discoveries into lifesaving medicines.
  • Today: Because of additional investment from biopharma, 200+ new medicines have been developed through public-private partnerships.

1983: Hope for Rare Diseases

Orphan Drug Act

Proof that smart incentives can unlock innovation where markets alone cannot.

  • Then: Only 38 drugs were available for rare diseases.
  • Policy Impact: Incentives encourage R&D for treatments for small patient populations.
  • Today: 750+ treatments have been approved for 1,300+ rare disease uses.

1984: Innovation and Competition

Hatch-Waxman Act

A system that balances innovation and affordability, giving U.S. patients more choice than anywhere else in the world.

  • Then: Generics comprised just 19% of prescriptions dispensed at the pharmacy counter.
  • Policy Impact: Clear pathway for generics while incentivizing innovation.
  • Today: 90% of prescriptions are filled with generics with an average copay under $7.

1992: Predictable Regulatory Review for Groundbreaking New Treatments

Prescription Drug User Fee Act (PDUFA)

A pathway that shows efficiency, certainty and rigor are essential for investment and innovation.

  • Then: FDA regulatory reviews for new drugs took more than two years on average.
  • Policy Impact: Faster, science-driven regulatory review of new medicine while maintaining high standards for scientific rigor and patient safety.
  • Today: 10 months review time for standard applications | 6 months for priority applications.

1997: Treatment Options for Children

Pediatric Research Equity Act (PREA) and the Best Pharmaceuticals for Children Act (BPCA) were permanently reauthorized in 2012.

Recognition of the unique considerations and challenges of developing medicines for children.

  • Then: Few labeled indications and clinical trials for pediatric populations.
  • Policy Impact: Established authorities and incentives to encourage manufacturers to conduct pediatric studies of medicines.
  • Today: 700 studies so far with more than 300 drugs approved for pediatric populations.

2006: Coverage for Seniors

Medicare Part D

A predictable market that supported innovation for aging populations.

  • Then: Nearly 1 in 3 seniors lacked drug coverage.
  • Policy Impact: Prescription coverage for Americans on Medicare – at costs far below original projections.
  • Today: All seniors have drug coverage options which may be put at risk by government price setting.

2010: More Competition for Biologics

Biologics Price Competition and Innovation Act

An approach to lowering costs while fostering the innovation pipeline.

  • Then: No pathway for biosimilars.
  • Policy Impact: Additional competition while encouraging innovation.
  • Today: 60 biosimilars competing with 16 biologic brands and $20.2 billion in annual health system savings.

Learn more about these issues:

Intellectual Property

0001-01-01T00:00:00

Intellectual Property

Research and Development

0001-01-01T00:00:00

Research and Development

Future of Medicine

0001-01-01T00:00:00

Future of Medicine

Government Price Setting

0001-01-01T00:00:00

Government Price Setting

International

0001-01-01T00:00:00

International

Regulatory Environment

0001-01-01T00:00:00

Regulatory Environment

Stay current on policy making

Sign up for email updates and follow us on social. 

About

Our Agenda

Policy Issues

Resources

Blog

Contact Us

Privacy Policy

Terms of Service

Facebook

Facebook

X

Twitter X

LinkedIn

LinkedIn

Instagram

instagram logo

America's Medicines

PhRMA Foundation

Voters for Cures

Working for Cures

Innovation.org

Please type your email

Success!

You've been added to the list