Pharma Industry Pours Millions Into Battle Against Drug Pricing Initiative
Experts predict that by November, the industry will have given at least $100 million to its fight against Proposition 61, which would limit the prices state agencies pay for prescription drugs.
East Bay Times:
Big Pharma's $70 Million Tops California Campaign Contributions
With Californians facing the busiest ballot in more than a decade, big spenders are poised to make it one of the most expensive election battles in state history -- already contributing $185 million to fight over everything from sex, drugs and guns to tobacco and taxes. The money is piling up on behalf of campaigns for 17 statewide ballot measures -- the most since March 2000. And when it comes to big backers, Big Pharma is far and away the towering force. (Seipel, 7/12)