About PhRMA
The Pharmaceutical Research and Manufacturers of America (PhRMA) represents the country’s leading innovative biopharmaceutical research companies, which are laser focused on developing innovative medicines that transform lives and create a healthier world. Together, we are fighting for solutions to ensure patients can access and afford medicines that prevent, treat and cure disease. Over the last decade, PhRMA member companies have invested more than $850 billion in the search for new treatments and cures, and they support nearly five million jobs in the United States.
Connect with PhRMA
For information on how innovative medicines save lives, please visit:
www.PhRMA.org
www.VotersforCures.org
www.AmericasMedicines.com
www.Facebook.com/PhRMA
www.X.com/PhRMA
This report explains the flow of dollars through the pharmaceutical supply chain and how transactions between stakeholders impact what patients pay at the pharmacy. The report also highlights the role of both the 340B Hospital Markup Program and increased consolidation and vertical integration among supply chain entities on the cost of medicines for patients and employers.
Follow the Dollar Report 2025 Preview
Report
PBMs/Insurance
Follow the Dollar Report 2025
Follow the Dollar Report 2025 Preview