En Español | Members Area

PhRMA at work.

Industry Profile

Industry Profile

This year’s Pharmaceutical Industry Profile spotlights the significant value the biopharmaceutical research sector and its products represent for Americans and the American economy.  Learn more about the unprecedented potential of today’s science as well as the challenges facing pharmaceutical research companies in 2009.

Annual Report

Annual Report

Issues

There is much to be proud of about the contributions of the pharmaceutical industry. The world's medicine chest is filled to an extent that was unthinkable just a few decades ago. Millions live longer and better as a result of the inspired and dedicated work of our scientists. Vaccines are creating one of the greatest public health success stories in human history. New medicines for cancer and HIV/AIDS provide hope and help to many who never had hope and help before. And we can expect this progress to continue because our laboratories are involved in cutting edge research based on new and exciting information on the fundamental mechanisms of disease and health.

However, as companies and as an industry, we will not succeed if we don't start closing our trust deficit. And we won't accomplish this simply with more effective education efforts or better communications. While those are necessary, they are simply not sufficient in today's environment.

We must rebuild the foundation of trust that we once had and the foundation of trust that we continue to deserve.

And, as we build that foundation of trust, we can do so without compromising our core values. Among them:

  • Belief in the power of markets to best determine the value of our medicines
  • Support for strong intellectual property protection as a necessary prerequisite for innovation 
  • Trust in a rigorous, scientifically-based regulatory process to evaluate the safety and effectiveness of our medicines 
  • Confidence that we have a right – and responsibility – to provide balanced information to prescribers and patients about our medicines 
  • And commitment to access and serving the needs of society

We know that these values are not only in our best interest – they are in the best interest of the patients that we serve.

Dick Clark
PhRMA Chairman

Medicare

more

Importation

It is critical that we maintain our focus on comprehensive health reform to help all Americans access high-quality and affordable healthcare coverage. We should not pursue policies that could expose Americans to substandard drug products and potentially weaken the Food and Drug Administration (FDA) by ...

more

FDA Issues

Read selected PhRMA comments and other submissions to FDA and other government agencies. This is not intended to provide a complete listing of all PhRMA submissions; in addition, certain submissions may be available in other parts of the PhRMA website.

more

Research and Development

Everyone with questions about the flu or avian flu should be able to get the answers they need easily and quickly. America's research-based pharmaceutical companies are working actively in partnership with the U.S. Government and world health officials to make sure that patients ...

more

Direct to Consumer Advertising

PhRMA member companies understand that accurate information about disease and treatment options makes patients and doctors better partners. And getting that information to doctors and patients is the goal of Direct-to-Consumer (DTC) prescription medicine advertising.

DTC advertising increases people's ...

more

Value of Medicines

The value of new and better medicines stems not only from the improved treatment of disease, but also from a reduction in other health care costs, increased productivity and better quality of life.
more

Prescription Drug Costs

Prescription drugs are the best value in health care - saving lives, reducing pain and suffering, keeping people out of hospitals and nursing homes, and reducing other forms of health care spending.


Cost ...

more

Intellectual Property

Pharmaceutical companies rely on government-granted patents to protect their huge investments in researching and developing new drugs. It takes 10-15 years and costs $800 million on average to bring a new medicine to market.

Without patents to protect all the inventions necessary to develop ...

more