For years, the pharmaceutical industry has faced withering bipartisan criticism and a deteriorating reputation among the public for its role in driving up drug prices.
Pharma industry executives say the vaccine push shows how the industry is committed to using profits, which have been the target of much criticism, to support their pursuit of life-saving medications.
"There are certainly bright spots in the pharma sector in terms of innovation, hope and optimism — and certainly those three things would apply to the work that’s happening around COVID-19," Lash said."But if you look at the performance of Big Pharma and their behavior over the last decade, it paints a very dark picture of drug pricing in America."
Pharmaceutical executives say their pricing is justified due to the high cost of research and development that is now contributing to the pursuit of a vaccine for the coronavirus. He attributed much of the criticism over drug prices to"relatively few bad actors" responsible for sharp increases, including Shkreli, who was later imprisoned after being convicted on unrelated fraud charges, and Mylan.
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