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Seven New Biopharmaceutical Research Companies Join PhRMA's Mission to Advance Medical Innovation
Date:12/8/2009

nt, so we are particularly heartened to be growing our membership," says PhRMA President and CEO Billy Tauzin. "This is the result of biopharmaceutical companies -- both large and small -- seeing a tremendous opportunity to work together on important policy issues that impact patients around the world. Our primary goal is to help preserve and strengthen public policies that foster the development of new medicines -- something policymakers should consider critical if we want to develop new treatments and cures for diseases such as cancer, Parkinson's disease and heart disease."

Tauzin continued, "We are an organization committed to putting the needs of patients first. For years, PhRMA has wholeheartedly supported the notion that people do not check into the doctor's office as a Republican or Democrat, but rather as a patient. PhRMA's advocacy efforts reflect this belief and it remains to this day, a primary reason why we support public policies that encourage medical innovation in the U.S."

Today's announcement follows a recent decision by the PhRMA's Board of Directors to establish a new Committee on Small Biopharmaceutical Companies, which is composed of full and research associate members. The committee was created to address the particular issues facing these smaller specialty companies, including the impact public policies may have on such an important sector of our economy.

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.

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SOURCE Pharmaceutical Research and Manufacturers of America
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