Welcome to the Week in Review.

Investors- and Lawmakers – Aren’t Buying Pharma’s “Warnings”

New reporting from POLITICO reveals that lawmakers from both parties have been snapping up stocks in the 13 largest U.S. pharma companies in recent weeks — all while the drug industry ramps up its warnings that Inflation Reduction Act reforms and Most-Favored-Nation pricing momentum will hurt innovation and slash profits. The takeaway? Behind the industry’s sky-is-falling rhetoric, Wall Street and Washington still see pharma as a safe bet. No surprise, given that analysts have long noted that drugmakers could lose $1 trillion in revenue over a decade and remain the most profitable industry sector. The gap between the industry’s doomsday messaging and investor behavior is hard to ignore, and it’s patients who are left to slip through the cracks. — [POLITICO, West Health]

Pharma Front Groups Working Overtime For Big Drug Companies

It’s been a month since P4AD released The Rampant Reach of Pharma’s Hidden Hand, exposing six major pharma-funded front groups masquerading as patient advocates while quietly pushing Big Pharma’s agenda. Since then, these groups have continued their efforts to protect drug industry profits. The Center for Medicine in the Public Interest (CMPI) — whose entire board has pharmaceutical industry ties — is now pushing a new report blaming high U.S. drug prices on so-called “global freeriding”, a classic pharma talking point that deflects blame and distorts reality. Meanwhile, Pacific Research Institute (PRI) President and CEO Sally Pipes is parroting similar messaging in a new op-ed, dismissing Most Favored Nation (MFN) as “a distraction” — no surprise given PRI’s deep financial ties to pharma. The problem isn’t that other countries pay too little, it’s that we’ve failed to hold pharmaceutical corporations accountable at home. The drug industry is one of the most profitable industries in the world, and its network of front groups continues to spread misinformation to protect its bottom line. Patients and policymakers deserve to know whose interests these groups serve. — [P4AD, CMPI, Newsmax, West Health]

P4AD Patient Advocate Speaks Up in New Op-Ed

The U.S. is experiencing a drug pricing crisis, and Latino communities are among those hit the hardest. 11% of U.S. adults have been unable to afford or access quality healthcare — its highest level since 2021 — and the most notable increases have been among Hispanic adults, rising 8% to 18%. This week, the Latino Newsletter published an op-ed from P4AD patient advocate Sonia Vega about her struggles to afford the Ozempic needed to manage her diabetes. Despite Ozempic costing less than $5 to manufacture, Sonia’s “out-of-pocket cost is over $1,000 a month” — and she’s not alone. P4AD is committed to fighting for equitable and affordable medication access in the Latino community, because no one should be forced to skip prescription doses or avoid treatment just to make ends meet. You can read Sonia’s full op-ed at the link here. — [Gallup, Latino Newsletter, CNBC]

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