Top pharmaceutical industry executives walked out of a meeting at the White House late Thursday [View all]

[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.