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How Is Pharma Spending Tax Savings? Not On Drug Pricing, Sen. Booker Says

Executive Summary

As pharma invests its bounty from last year's tax reform in stock buybacks, capital improvements and other investments, Sen. Cory Booker issues a report suggesting companies should lower drug prices instead, but does not offer recommendations for how that might be done.

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High valuations, an uncertain biopharma macro environment and widespread use of US tax reform benefits for share buybacks and capital investments resulted in less major M&A than expected. Opinions vary widely on whether 2019 will be any different.

Why The M&A Boom Many Expected In 2018 Didn’t Happen

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