Pharma CEOs face congressional showdown over pricing
Six chief executives of global pharma companies are due to face questions from senior US senators on Tuesday, as lawmakers from both legislative chambers progress inquiries into the industry’s pricing practices.
The CEOs of Bristol-Myers Squibb (NYSE: BMY), Pfizer (NYSE: PFE), Merck & Co (NYSE: MRK), AstraZeneca (LSE: AZN), AbbVie (NYSE: ABBV) and Sanofi (Euronext: SAN) will be joined by an executive president from Johnson & Johnson (NYSE: JNJ) to answer questions in the US Senate Finance Committee.
The committee investigation is led by Chairman Charles Grassley, with ranking member Ron Wyden due to play a prominent role in the inquiry.
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