Politics, Policy & Law

BIO, PhRMA ‘pause’ political giving 

In the wake of the storming of the U.S. Capitol, BIO and PhRMA have joined other trade associations and U.S. companies in reassessing their criteria for making political contributions.

The biopharma trade associations have not gone as far as some other industries’ trade associations and companies that have vowed to cut off contributions to members of Congress who voted to overturn the election results. 

BIO is stepping back, at least temporarily, from all political giving, stating that it has “paused” all political contributions, while PhRMA is targeting members