To Keep Drug Prices High Big Pharma Spends Over a Hundred Million Dollars to Defeat California Ballot Measure

There is a fiercely fought and extremely expensive political battle raging in California over the passage of Proposition 61, an initiative that’s intended to lower pharmaceutical prices paid by the state. The November ballot measure’s official name is the California Drug Price Relief Act, although its opponents call it the “Deceptive Rx Proposition.” The measure has turned out to be one of the most expensive proposition battles ever fought in California as prescription drug companies are throwing more money at defeating this initiative than has ever been collected by one side in a ballot fight. As of October 25, the No on 61 campaign has received about $109 million — an increase of $22,038,414 since… Read more…