Tag Archives: Dan Benishek

Tom Price Bought Drug Stocks. Then He Pushed Pharma’s Agenda in Australia

by Robert Faturechi ProPublica, June 1, 2017, 8 a.m.

Tom Price. Photo: Gage Skidmore [CC BY-SA 2.0], via Wikimedia Commons

In the spring before the 2016 presidential election, the Obama administration’s 12-nation trade agreement known as the Trans-Pacific Partnership, or TPP, was still alive. Negotiators worked on details as Congress considered whether to ratify the pact.

The Australian government was getting in the way of one change demanded by U.S. pharmaceutical companies. Makers of cutting-edge biological drugs wanted to have data from their clinical trials protected from competitors for 12 years, as they are under U.S. law 2014 not the roughly five years permitted under the TPP. Australian officials insisted that an extension would deprive consumers of cheaper alternatives for too long. Continue reading

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