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PhRMA CEO John Castellani Responds to Mid-Term Election, Stresses Importance of Innovation to Help Grow Economy

November 3, 2010 By Bio-Medicine.Org

WASHINGTON, Nov. 3, 2010 /PRNewswire-USNewswire/ —
Pharmaceutical Research and Manufacturers of America (PhRMA)
President and CEO John Castellani released the following statement
and video regarding the mid-term election:

Watch the
Video

“Congratulations to all of the candidates who worked so hard on
the campaign trail to earn the trust and votes of the American
public.

“Two issues dominated the election this year: the state of our
economy and jobs.

“There is no doubt that the last several years have been very
tough for America and its workers.

“This is why it’s so important for our nation’s leaders to
recognize the important role that America’s biopharmaceutical
research companies play in contributing to the national economy and
creating millions of U.S. jobs as they develop medical
advances.

“One way we can help our economy grow is to ensure that America
remains the worldwide hub for scientific and medical research.

“When it comes to medical innovation, our nation is at a
crossroads and it’s up to our leaders to decide what path they want
to take. Do they want to support the innovative engines that fuel
America’s economy, or do they want to let other countries win the
race for knowledge, jobs and growth in the life sciences field?

“We believe the right path is one that strengthens the
scientific and economic environments that foster medical
advancements and serve as the foundations for great jobs and U.S.
global competitiveness.

“Over the last couple of months, people have asked me why I took
the job to lead PhRMA. My response is simple: I want to represent
the most research-intensive sector in the U.S. Our companies are
dedicated to improving and saving the lives of millions of patients
worldwide and their work is also vital to our nation’s economic
prospects.

“I’ve had the honor of meeting many of the men and women working
a

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SOURCE

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