BioCentury
ARTICLE | Politics, Policy & Law

Biopharma political contributions skew blue

Employees of top drug companies contributed far more to Biden/Harris than Trump; for drugmakers’ PACs, it’s a closer call

August 28, 2024 9:36 PM UTC

Political action committees controlled by biopharma companies have hedged their bets in the current election cycle, narrowly favoring Democrats, but in the presidential contest their employees emphatically back Democrats.

As of July 16, five days before President Joe Biden dropped out of the race, contributions from employees of the top 10 biopharma companies by market cap showed a clear preference for the Democratic candidate, according to data collected by the Federal Elections Commission and compiled by OpenSecrets.org. ...