PhRMA president calls Obama policy ‘wrongheaded’ – Washington Times

The chief spokesman for pharmaceutical manufacturers says President Obama has stuck two thorns in the industry’s side at a time marked by uncertainty as lawmakers contemplate cutting health care programs and battles over the new health care law wind their way through the courts.

When the president presented his deficit-cutting plan last week, he included measures that will drive up drug prices and squash investment in companies that develop drugs and medical devices, said John Castellani, president of the Pharmaceutical Research and Manufacturers of America (PhRMA).

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