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PhRMA Statement on House Passage of Health Care Reform Bill
Date:11/8/2009

are still hopeful that before the curtain comes down on health care reform, the Senate will seriously consider the impact any final legislation will have on U.S. jobs and innovation. Cutting-edge medicines have dramatically increased life expectancy rates in America and around the world and have allowed patients with cancer, heart disease, diabetes and other devastating chronic diseases to live longer, healthier and more productive lives.

"If we are going to cure cancer in our lifetime -- as President Obama has challenged us to do -- we believe health care reform must support medical progress and innovation in America. Saving money is important, but so is saving lives. In the end, we believe that thoughtful leaders will step up and recognize the overriding importance of striking the right balance. Among other things, we believe final health care reform legislation should provide for a fair period of data protection for innovative biologic medicines which hold the promise to revolutionize health care.

"What's crucial now is that we remain focused on the laudable goal of enacting comprehensive health care reform this year. In life, we get precious few opportunities to fundamentally improve the lives of people all across our great nation. Working together, this is our chance."

The Pharmaceutical Research and Manufacturers of America (PhRMA) represents the country's leading pharmaceutical research and biotechnology companies, which are devoted to inventing medicines that allow patients to live longer, healthier, and more productive lives. PhRMA companies are leading the way in the search for new cures. PhRMA members alone invested an estimated $50.3 billion in 2008 in discovering and developing new medicines. Industry-wide research and investment reached a record $65.2 billion in 2008.

PhRMA Internet Address: http://www.phrma.org

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SOURCE Pharmaceutical Research and Manufacturers of America
Copyright©2009 PR Newswire.
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