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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 

Thanks to IP and the competition it fosters, the cost of the world’s most innovative medicines declines over time, making it the only part of the health care system where prices go down. Today, 90% of all prescriptions in the U.S. are filled with generics with an average copay of just $6.95. That’s a cycle of innovation and competition that is a uniquely American success story.

Thanks to America’s IP System, Medicine Costs Go Down Over teaser

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Intellectual Property

Thanks to America’s IP System, Medicine Costs Go Down Over Time

September 8, 2025

Thanks to America’s IP System, Medicine Costs Go Down Over teaser