PhRMA
Organizations & Companies abbreviation · Professional Association and Labor Union
| Stands for | Pharmaceutical Research and Manufacturers of America |
|---|---|
| Categories | Organizations & Companies |
PhRMA stands for Pharmaceutical Research and Manufacturers of America, a professional association and labor union abbreviation.
Trade association representing major research-based drug companies, and one of the largest lobbying spenders in Washington, which advocates on drug pricing, patents and regulation.
Example: PhRMA sued to block the drug price negotiation program.
Usage notes
It was founded in 1958 as the Pharmaceutical Manufacturers Association and took its current name in 1994. It opposed the Medicare drug price negotiation provisions of the 2022 Inflation Reduction Act. Its mixed-case name, with a capital P, R, M and A, is pronounced "farma".
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