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PhRMA Statement Regarding Benefits of U.S. Innovation
PhRMA, 08/26/09

Pharmaceutical Research and Manufacturers of America Senior Vice President Ken Johnson issued the following statement today in response to "'Global Drug Discovery: Europe Is Ahead,' a paper published in the Aug. edition of Health Affairs: "Unfortunately, the paper paints a distorted picture that gives short shrift to the medical advances made possible by America's pharmaceutical research and biotechnology companies and ignores the chilling effect of government price controls on such innovation.

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