BioCentury
ARTICLE | Politics, Policy & Law

Biopharma industry accelerates attacks on Trump

Pfizer’s Bourla pushes back on pricing index plan as BIO’s McMurry-Heath calls out ‘conspiracy’ theory tweet

July 28, 2020 11:51 PM UTC

Last week the White House invited Pfizer Chairman and CEO Albert Bourla to join a group of his peers at the White House Tuesday to discuss drug pricing with President Donald Trump. Instead of traveling to Washington, the executive participated in an earnings call in which he countered Trump’s threat to impose a “most favored nation” policy on Medicare Part B drug purchases.

Bourla’s peers also declined to participate in the meeting, convinced that Trump was not negotiating in good faith and that there would be few negative consequences for not attending, according to executives from other companies who spoke with BioCentury (see “Biopharma Boycotts White House Meeting”)...