Pharmaceutical Industry CEOs Face Senate Hearing on Drug Prices

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Pharmaceutical Industry CEOs Face Senate Hearing on Drug Prices
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“The drug industry is going to come in and blame the pharmacy-benefit managers for the problems and say, ‘It’s not our fault’ ”

[email protected] Feb. 25, 2019 2:50 p.m. ET Executives for some of the biggest pharmaceutical companies will visit Capitol Hill on Tuesday to face tough questions in a Senate hearing on the rising cost of medicines.

The executives lead companies with some of the highest-grossing drugs in the world, and have routinely raised prices on many of their products. Scheduled to testify are chief executives from AbbVie Inc.; Bristol-Myers Squibb Co.; Merck & Co.; Pfizer Inc.; AstraZeneca PLC; and Sanofi SA. Johnson & Johnson, the world’s largest health-care company,... To Read the Full Story

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