PhRMA Statement on President Biden’s Address to Joint Session of Congress

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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.

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WASHINGTON, D.C. (April 28, 2021) – Pharmaceutical Research and Manufacturers of America president and CEO Stephen J. Ubl issued the following statement today after President Biden delivered an address to a joint session of Congress:

“President Biden and his team are to be commended for their leadership fighting the COVID-19 pandemic. Biopharmaceutical research companies are working around the clock, in close collaboration with our government partners, to deliver the scientific solutions we need to end the pandemic throughout the world and get Americans back to work. We also stand ready to work with policymakers to help address other tough challenges facing our country, including being better prepared for future pandemics and making medicines more affordable. However, giving the government the power to arbitrarily determine the price of medicines is not the right approach, which is why we’ve offered a better way to lower medicine costs for patients while at the same time protecting access to current and future treatments and cures.”

To learn more about our solutions for lowering patients’ drug costs, visit phrma.org/betterway.

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