[inaudible conversation] good afternoon ladies and gentlemen. For those of you who are just tuning in and our Television Audience in public Radio Audience and on the internet, welcome to the National Press club. Since 1908 we have been the embodiment of the constitution. Before we get started, i want to remind our guests in the audience of some housekeeping roles. Those of you who may have come in late, please put your phones on vibrate because we know you want to tweak. We want you to follow the action and so on twitter you can follow us at press club d. C. And using npc life. I want to introduce the head table. As i introduce each of you, please stand and briefly as your name is announced, it will be from my left and youre right. Senior reporter and treasurer of the National Press club. Michelle is the membership secretary of the National Press club. Sally is the executive Vice President of Corporate Affairs at pfizer. And breaking news editor at usa today in a past member of the pre
[inaudible conversation] good afternoon ladies and gentlemen. For those of you who are just tuning in and our Television Audience in public Radio Audience and on the internet, welcome to the National Press club. Since 1908 we have been the embodiment of the constitution. Before we get started, i want to remind our guests in the audience of some housekeeping roles. Those of you who may have come in late, please put your phones on vibrate because we know you want to tweak. We want you to follow the action and so on twitter you can follow us at press club d. C. And using npc life. I want to introduce the head table. As i introduce each of you, please stand and briefly as your name is announced, it will be from my left and youre right. Senior reporter and treasurer of the National Press club. Michelle is the membership secretary of the National Press club. Sally is the executive Vice President of Corporate Affairs at pfizer. And breaking news editor at usa today in a past member of the pre
Those receiving a liver transplant. An average expected lifetime patient cost to treat all stages was 205,000. Approximately. Compare these costs to the fact that more than 90 of the patients with the most common form of this can expected to be toward with this drug in as little as eight weeks. Now as a lifetime cost slightly more than 40,000. And because of intense competition, the cost is now 50 less than the initial cost it was launched at. Let us look at the returns of the industry. I think there are many ways that we can put the pharmaceutical industry we can point out the benefit to society. The various ways of looking at it. The transparency we are seeing in most states is not inappropriate way of measuring the benefit of the pharmaceutical industry. The drugs developed. When the drug is approved it, it only has half of its patent life left. Patent is expired, it is broadly available in the form of generics. Pharmaceuticals on prescription today are in generics. They would not h
Before we get started, i want to remind our guest is in the audience and those who may have come in late, please put your phones at least on five right. Vibrate. Because we know you want to tweet. We want you to follow the action. On twitter, you can follow us. Using npclive. I want to introduce the head table. Se stand and i will desperately as your name is announced, from my left and your right. The Senior Reporter at med tech insight and the treasurer of the National Press club. The desk editor at the Associated Press and the membership secretary of the National Press club. The executive Vice President of Corporate Affairs at pfizer. Breaking news editor at usa today and past president of the National Press club. Kenneth cole, senior Vice President of Government Relations at pfizer. Skipping over myself. The economy reporter for Bloomberg News and Deputy Team Leader for the national has club headliner team which organizes all of our speakers. Skipping over our speaker, the senior Vi
Before we get started, i want to remind our guest is in the audience and those who may have come in late, please put your phones at least on five right. Vibrate. Because we know you want to tweet. We want you to follow the action. On twitter, you can follow us. Using npclive. I want to introduce the head table. Se stand and i will desperately as your name is announced, from my left and your right. The Senior Reporter at med tech insight and the treasurer of the National Press club. The desk editor at the Associated Press and the membership secretary of the National Press club. The executive Vice President of Corporate Affairs at pfizer. Breaking news editor at usa today and past president of the National Press club. Kenneth cole, senior Vice President of Government Relations at pfizer. Skipping over myself. The economy reporter for Bloomberg News and Deputy Team Leader for the national has club headliner team which organizes all of our speakers. Skipping over our speaker, the senior Vi