Pharma donors favor Obama

Share this article:

Pharmaceutical industry execs have contributed more than three times as much to the Obama campaign as they have to McCain's, according to a Bloomberg News report citing data from the Center for Responsive Politics.

Sen. Obama has received $450,094 in donations from industry execs and employees, compared with $132,575 received by Sen. McCain -- even though 52% of industry donations have gone to Republicans in this cycle and industry donors overwhelmingly supported President Bush in the last presidential election, giving him nearly twice as much as they did John Kerry. 

Republican lobbyist John Feehery told Bloomberg that a lack of pharma donations for McCain may help him in the general election.  “He does go after these companies and they don't like it.  This solidifies McCain's reputation as someone who fights special interests,” Feehery said in the piece.

McCain's stance in favor of reimportation of drugs from Canada is a particular sore point for the industry. The Arizona Republican has also proposed sharply scaling back the Medicare prescription drug benefit, which drug companies pushed hard for.

Share this article:

Email Newsletters

More in News

Doctors want to know how CMS plans to display Sunshine payment data

Doctors want to know how CMS plans to ...

Physician and industry trade groups are asking CMS to explain how context will be provided to the general public around the dollar sums drugmakers ascribe to doctors for things like ...

Pfizer Q2 sales slip, but still beat expectations

Pfizer Q2 sales slip, but still beat expectations

Patent losses and lost co-promotion agreements put a dent in sales.

Lack of marketing partner delays Afrezza launch

Lack of marketing partner delays Afrezza launch

Afrezza was heralded as one of the most innovative diabetes products of the last decade. So, why hasn't MannKind set a firm launch date for the product?