Pelosi’s Drug Price Bill is a Danger to Small Business

A drug price bill introduced by Nancy Pelosi is being classified as a danger to small drug companies.

According to The Hill:

Private equity firms are balking at Speaker Nancy Pelosi‘s (Calif.) drug bill, which could be voted on in the House as early as next week.

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Back in October, several venture capitalists met with Pelosi’s staff and a group of moderate House and Senate Democrats to voice their concerns, CNBC reports. The day after their meeting, the group of investors published a letter in which they argued that Pelosi’s bill would “lead to an immediate decrease in capital available for early-stage life science companies.”

According to BIO, the biotech industry’s main trade group, seven out of 10 clinical trials for new medications are conducted by small biotech start-ups. To do these trials, the start-ups often rely on funding from private investors.

Pelosi’s bill would allow for the government to arbitrate lower prices on the costliest drugs each year, which many fear will push investors away.

McConnell has vowed to not bring the bill to a vote should it reach the GOP controlled Senate.

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Tom Edwards
Tom Edwards
10 months ago

The Democrats are taking everything away! Hope Trump Vetos it.

D.
D.
10 months ago

There is no such thing as a “moderate” House or Senate Democrat. The party has sold its soul to Leftist statism. All Democrats are progressive extremists.

bagster53
bagster53
10 months ago

who cares , pelosi is just doing what democrats do best , brake the programs that actually work , they whine about opioids , but stay silent on the billions of dollars worth of illegal drugs coming across the border ,let people take what ever drugs they want and let them die happy

Lea
Lea
10 months ago

The answer is very simple…Don’t vote for it, but if it gets through, VETO it, and knock it down, then shred it right in front of her and Chuck. That IS exactly what I’d do…and it’s no lie. They cannot get their way anymore, and could never be trusted for anything again. That’s first. Second is BE VERY CAREFUL TO WATCH FOR DEMOCRAT CHANGES TO THE U.S.M.C.A. I do believe she and the rest of the Dems WILL put in major changes, and you will have on your hands the exact same NAFTA Bill that was there before. Mark my words…they will do it, believing you’re too trusting. NEVER AGAIN TRUST THE DEMON CRAPS.

John Ferretti
John Ferretti
10 months ago

Veto all Demcrabes Bill’s, pull the USA out of the United nations, and kick them out of the USA also, stop all foreign aid, enough of all this freeloading on the tax payer backs

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