Senate Committee on Finance
Coverage of Senate Committee on Finance in the Nexus archive.
- Opinion: The innovation trap: How pharma weaponizes a word to extend monopolies
Sen. John Cornyn questioned AbbVie CEO Richard Gonzalez during a 2019 congressional hearing about the company's 136 patents on Humira, a drug with the same active molecule used to treat multiple conditions. Gonzalez defended the patents as 'innovations,' extending patent protection beyond the original 2016 expiry. The exchange highlights concerns about pharmaceutical companies leveraging patent portfolios to maintain monopolies.
- Vaccines, budget cuts and affordability: Takeaways from RFK Jr’s gauntlet of congressional hearings
HHS Secretary Robert F. Kennedy Jr. testified before Congress defending President Trump’s 2027 budget, which proposes a 12% cut to HHS funding, while deflecting blame for declining vaccination rates and measles outbreaks. Kennedy attributed the issues to global trends and loss of public trust in government health guidance, despite critics linking his past anti-vaccine advocacy to eroded trust in federal health agencies.