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Pfizer On Obamacare Rewind: No Short-Term Impact On Industry

 
• By Cathy Kelly

Pfizer CEO Ian Read explains why industry has stayed on the sidelines during the current health reform debate and defends drug pricing practices during a speech to the National Press Club.

Ian Read
• Source: Courtesy of Noel St. John/National Press Club

House Republican legislation to repeal and replace portions of the Affordable Care Act (ACA) will have a negligible effect on the biopharma industry, Pfizer Inc. Chairman and CEO Ian Read said in a speech at the National Press Club in Washington, DC March 23.

"I don't believe there's any short term impact for the industry," Read commented in response to a question. But "there's...

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