In 2021, AbbVie exceeded pharma industry standards in raising prices for multiple drugs
According to a 2020 report, drug prices have increased by 33% since 2014, which is a significantly greater rise than other healthcare services4. In the US, even though insurers and patients covered by healthcare services mostly do not pay full price for drugs, increasing prices significantly adds to the financial burden of healthcare for US consumers10. A 2019 survey showed that 44% of people in the US do not purchase medically necessary prescription drugs because of high costs5.
Women's overall employment share is 53.3%, but less than at management levels
According to a McKinsey report, women comprise 50% of the health care workforce in the US and, 58% of managers, 50% of senior managers, and 30% of C-suite positions4. In the pharma industry, women hold 25% of the leadership team and only one female CEO among the top 10 pharmaceutical companies6, due to biases in the recruitment process creating a glass ceiling effect for women8. Gender diversity in the industry can better understand the different needs of the population it serves, as the biopharma industry is directly affecting the lives of billions of people around the world 9. In 2018, the General Pharmaceutical Council has reported a median gender pay gap of 16.5%7.
Allergan Increases Price of More Than 30 Drugs
The United States (US) is currently in the grip of a pharmaceutical drug price crisis. 20 of the leading drugs sold in the US this year were priced on average 70%-80% lower in comparable high-income countries1. Over the last 10 years, the cost of brand-name drugs has more than tripled2. This forces millions of Americans to import life-saving medications such as insulin from other countries, despite federal restrictions on such activity. In 2016, one poll found that 19 million adults in the US imported medications - about 8% of the population3.
The Allergan Foundation supported community health with $95Mn charity in 21 years
The United Nations reported that more than 400Mn people lack access to primary healthcare globally1. More than 1.6Bn people reside in areas with weak national capacity to provide basic health services1. According to UNICEF, on a global level, millions of children and mothers lack access to essential health services2.