PhRMA was formed in 1958 to represent America’s biopharmaceutical research companies and help promote smart public policy that supports medical research to address patient needs. Headquartered in Washington, D.C., with offices in leading biopharmaceutical research communities, PhRMA advocates in the United States and around the world for policies that support the discovery and development of innovative medicines. Our policy priorities include: explaining the increased complexity and risk of the research and development process; reinforcing the need for investment in R&D; ensuring broad access to and appropriate use of medicines, and emphasizing the importance of strong intellectual property incentives for new medicines.