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

Allergan touts reorg, plans to lay off 13% of workforce

Allergan touts reorg, plans to lay off 13% ...

Allergan's second-quarter earnings, and a new round of cuts, are now part of the Botox maker's record as it seeks to remain independent.

Shire, AbbVie join forces for $55B

Shire, AbbVie join forces for $55B

The deal includes a $1.6-billion fee if AbbVie tries to walk away.

Next target for hep. C drugmakers: co-infections

Next target for hep. C drugmakers: co-infections

An international AIDS conference this weekend kicked off a new battle in the war against hepatitis C: demonstrating high cure rates in those who are co-infected.