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Drug industry braces for Democrat-led Congress
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| Contributor | Servo |
| Last Edited | Servo Nov 26, 2006 07:52pm |
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| Category | News |
| News Date | Saturday, November 25, 2006 01:00:00 AM UTC0:0 |
| Description | With Democrats set to take control of Congress and vowing measures to cut drug prices, the U.S. pharmaceutical industry will have to revamp its huge lobbying operation, analysts and campaign finance experts said.
After years of lavishing attention mostly on Republicans, who suffered heavy losses in the November 7 elections, the drug industry is expected to hire more Democrats and get ready to defend itself at hearings before congressional committees.
"I think the industry has bet on the wrong horse," said Ira Loss, a health care analyst for Washington Analysis Corp. "Only late in the game did they start to throw some money at the Democrats." |
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