Executive Compensation at the Pharmaceutical Research and Manufacturers of America (PhRMA)

The most powerful drug industry lobbying organization in the US is the Pharmaceutical Research and Manufacturers of America (PhRMA) – a non-profit tax-exempt (as if the for-profit pharmaceutical industry needs to pay less taxes) 501 (c) (6) – a professional association – that represents the interests of its members (34 according to the organization’s website) who paid about $400 million in membership dues in 2017 (out of $456 million in total revenue; the remaining revenue came primarily from meetings, sections, and studies). This means, each member paid an average of $12 million annually in membership dues to PhRMA. Read more