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
Comparing high-income countries’ spending on innovative medicines as share of GDP highlights how foreign governments undervalue innovative medicines and block patient access, despite the immense value of breakthrough treatments and cures. Other countries’ under spending on innovative medicines extends beyond 10 years after a products launch, to all innovative medicines that are still in the period of patent or other regulatory protections.