Ab­b­Vie opts out of in­dus­try trade groups PhRMA, BIO plus Busi­ness Round­table

Ab­b­Vie is drop­ping its mem­ber­ship at lead­ing in­dus­try trade groups Phar­ma­ceu­ti­cal Re­search and Man­u­fac­tur­ers of Amer­i­ca (PhRMA), Biotech­nol­o­gy In­no­va­tion Or­ga­ni­za­tion (BIO) and the broad­er Busi­ness Round­table as­so­ci­a­tion of chief ex­ec­u­tives.

Ab­b­Vie did not give a rea­son for drop­ping the mem­ber­ships, say­ing on­ly in a state­ment: “We reg­u­lar­ly eval­u­ate our mem­ber­ships with in­dus­try trade as­so­ci­a­tions and our most re­cent as­sess­ment led us to de­cide not to re­new our mem­ber­ship with se­lect trade as­so­ci­a­tions.”

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Alexandria Real Estate Equities

Cambridge, MA, USA