{"id":12424,"date":"2023-08-31T10:30:53","date_gmt":"2023-08-31T15:30:53","guid":{"rendered":"https:\/\/friendsfiduciary.org\/?p=12424"},"modified":"2024-01-23T10:32:43","modified_gmt":"2024-01-23T16:32:43","slug":"ffc-supports-ira-provision","status":"publish","type":"post","link":"https:\/\/friendsfiduciary.org\/ffc-supports-ira-provision\/","title":{"rendered":"FFC supports IRA provision on drug pricing"},"content":{"rendered":"

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Friends Fiduciary has joined fellow ICCR members on an investor letter<\/a> expressing concern around a spate of lawsuits filed by pharmaceutical companies and their trade associations to \u201cblock the implementation of the provisions of the Inflation Reduction Act that will allow the U.S. government to negotiate drug pricing for certain high-cost medicines on behalf of Medicare beneficiaries.\u201d Prescription drug costs continue to be an important issue in American healthcare, with Americans paying more for prescription drugs than anywhere else in the world. \u00a0<\/p>\n

Friends Fiduciary is part of ICCR\u2019s health equity group which has worked for years engaging pharma companies on a range of issues focused on \u201clong-term sustainable value creation, which prioritizes people and patients over strategies to maximize short-term profits.\u201d More recently we were part of a group of shareholders filing resolutions asking companies to provide more information on how strategies such as patent thickets are considered when setting prices for branded drugs. The investor letter urges pharmaceutical companies to abandon the lawsuits due to increased reputational and legal risks to shareholder value.<\/p>\n

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FFC joins fellow investors expressing concern about lawsuits filed by pharmaceutical companies and their trade associations to block drug pricing negotiation.<\/p>\n","protected":false},"author":13,"featured_media":11333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"

Friends Fiduciary recently joined other Interfaith Center on Corporate Responsibility (ICCR) members in a statement<\/a> calling on companies, who are members of the Business Roundtable, to pause and reassess all political contributions in the wake of the riots at the Capitol.<\/p>

For several years Friends Fiduciary, in partnership with the Center for Political Accountability, has been active in asking companies to oversee and disclose any direct or indirect political contributions they make. Following a violent attempt to obstruct a peaceful transfer of power this past January, and the role that certain politicians played in propagating misinformation regarding the election, our asks for careful consideration of corporate involvement in the political process are even more crucial.<\/p>

Many companies have announced that they will temporarily pause or completely cease donations, and we believe that all companies should at a minimum<\/em> be pausing their donations and implementing best practice policies and board oversight of direct and third-party donations to avoid the reputational risks related to election spending.<\/p>","_et_gb_content_width":"","_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[4],"tags":[],"modified_by":"Cailin Sweeney","_links":{"self":[{"href":"https:\/\/friendsfiduciary.org\/wp-json\/wp\/v2\/posts\/12424"}],"collection":[{"href":"https:\/\/friendsfiduciary.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friendsfiduciary.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/friendsfiduciary.org\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/friendsfiduciary.org\/wp-json\/wp\/v2\/comments?post=12424"}],"version-history":[{"count":3,"href":"https:\/\/friendsfiduciary.org\/wp-json\/wp\/v2\/posts\/12424\/revisions"}],"predecessor-version":[{"id":12428,"href":"https:\/\/friendsfiduciary.org\/wp-json\/wp\/v2\/posts\/12424\/revisions\/12428"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/friendsfiduciary.org\/wp-json\/wp\/v2\/media\/11333"}],"wp:attachment":[{"href":"https:\/\/friendsfiduciary.org\/wp-json\/wp\/v2\/media?parent=12424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friendsfiduciary.org\/wp-json\/wp\/v2\/categories?post=12424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friendsfiduciary.org\/wp-json\/wp\/v2\/tags?post=12424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}