22
Feb
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 
Paddock Post 