Pharmaguy's Insights Into Drug Industry News
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Pharmaguy's Insights Into Drug Industry News
Pharmaguy curates and provides insights into selected drug industry news and issues.
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#Pharma Loves Hillary, Hates Trump More Than Sanders! Money Talks...

#Pharma Loves Hillary, Hates Trump More Than Sanders! Money Talks... | Pharmaguy's Insights Into Drug Industry News | Scoop.it

Pharmaceutical companies have donated nearly $1 million in the 2016 presidential election cycle, with Hillary Clinton receiving the most.


When former Turing Pharmaceutical CEO Martin Shkreli announced that he was increasing the price of an HIV drug called Daraprim by nearly 5,000%, he turned the cost of prescription drugs into a political issue.

Shortly after Daraprim's price increase was made public, Democratic presidential candidate Hillary Clinton unveiled a prescription drug plan to drive prices down. Her Democratic challenger, Sen. Bernie Sanders, sent a letter to Shkreli demanding an explanation for the price increase and when Shkreli donated to his campaign, Sanders took that donation and gave it to a health clinic. Republican candidate Donald Trump called Shkreli a "spoiled brat" and said "he ought to be ashamed of himself."


But despite all the drama and talk of standing up to the pharmaceutical industry, these companies continue to be big spenders, donating $951,018 to presidential candidates in the 2016 presidential election, according to the Center for Responsive Politics and the Federal Election Commission.



Pharma Guy's insight:

About one-third of all contributions from pharma is going to Clinton! I guess both Bernie and Donald do not need pharma's money!

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#Pharma PACs & People Give $ to Clinton and Bush

#Pharma PACs & People Give $ to Clinton and Bush | Pharmaguy's Insights Into Drug Industry News | Scoop.it
OpenSecrets.org groups campaign donations by industry here. Find out who oil and gas industry's favorite political candidate is or how much have public sector unions donated to Democrats. And more.


METHODOLOGY: The numbers on this page are based on contributions from PACs and individuals giving $200 or more.

All donations took place during the 2015-2016 election cycle and were released by the Federal Election Commission on Friday, October 16, 2015.

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