“PhRMA represents companies that are focused on making the promise of science a reality,” said Stephen Ubl, president and chief executive officer of PhRMA. “I am proud to welcome two companies, Genentech and Gilead, who do just that into our membership. These companies also embody our commitment to proactively work with policymakers and stakeholders on common-sense policy solutions to evolve the health care system.”
Genentech and Gilead bolster PhRMA’s efforts to advance its proactive policy agenda. These policy solutions include more value-based contracts, delinking the supply chain from the list price, fixing the 340B Drug Pricing Program and ensuring patients benefit from negotiated rebates at the pharmacy. Our industry believes that taken together, these solutions will lower costs, improve patient affordability and create an environment that fosters and sustains innovation for years to come.
“Collaboration among all stakeholders is essential to solving today’s most pressing health care challenges,” said Bill Anderson, chief executive officer, Roche Pharmaceuticals and acting head of Genentech’s executive committee. “We’re committed to finding solutions to complex problems, sustaining scientific innovation and ensuring people have access to the breakthrough medicines they need. As a member of PhRMA, we look forward to additional opportunities to engage in constructive dialogue that drives positive change for the health care system and lasting benefits for patients.”
“We have a deep appreciation for the work PhRMA does as an organization to ensure that our industry can continue to pursue innovative new solutions and, importantly, to ensure patients have access to that innovation,” said Gregg Alton, Gilead’s chief patient officer and interim chief executive officer. “We are looking forward to being a part of the important conversations and efforts that can help serve a greater number of people in need.”
In 2017, the PhRMA board of directors approved new criteria for membership to ensure the association represents companies dedicated to researching and developing new, innovative medicines. Companies must meet the following research and development (R&D) criteria to be eligible to join the association:
- A three-year average global R&D to global sales ratio of 10 percent or greater; and
- A three-year average global R&D spending of at least $200 million per year.