Top pharmaceutical industry executives walked out of a meeting at the White House late Thursday

[pampango]

OBAMA FAILS TO WIN OVER PHARMA ON TPP

Top pharmaceutical industry executives walked out of a meeting at the White House late Thursday unmoved on their disappointment that the landmark trade pact falls short of their demands for 12 years of monopoly protection for biologic medicines.

Now the compromise threatens to blow up the deal in Congress. “A good compromise usually results in something of greater overall value for all the parties involved,” Senate Finance Committee Chairman Orrin Hatch (R-Utah) said on the Senate floor Wednesday. “And, at least according to the information now available, it is unclear whether this administration achieved that kind of outcome for American innovators.”

Besides expressing frustration with the deal, the drug industry hasn’t yet indicated how it will play its cards. One industry source said pharma wants to see all the details of the deal in writing first, adding its strategy is pretty “formless,” right now.

http://www.politico.com/tipsheets/politico-pulse/2015/10/pulse-with-mccarthy-out-will-ryan-run-obama-courts-pharma-for-support-on-tpp-2015-the-year-we-could-finally-tweak-the-aca-210639

"... One industry source said pharma wants to see all the details of the deal in writing ..." Wouldn't we all. Something tells me they have seen a lot more of it than most of the rest of us have, at least the parts that pertain to their industry.

[Shandris]

1. OH, well, see, since THEY aren't happy, NOW the deal is in danger.

When 80% of the country doesn't like it, no one gives a darn.

"Your vote counts!"

EDIT: Meh. Alright, 80% is hyperbole (although we've seen 90%+ 'screw you's before), but the point remains the same. When many people are against it, no one important cares.

[Vinca]

2. If big pharma is unhappy, there must be something good about the TPP.

[Chan790]

3. They got less protection-term for patent medications than they wanted.

I'm not sure that's "something good about TPP" as much as it's them being greedy and being pissed-off they only got $0.75 when they wanted a free $1.

[localroger]

6. Not so much good as not-as-bad as they wanted /nt

[Lint Head]

4. Buye buye.

[djean111]

5. I will wait and see. I think we are going to see a lot of "theater" designed to soften up

those who oppose the TPP overall. Like saving baby tigers.
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