NPRCC Statement in Opposition to International Reference Pricing for Pharmaceuticals

The National Puerto Rican Chamber of Commerce firmly opposes international reference pricing for pharmaceuticals. Our opposition is rooted in two key concerns: First, this approach can significantly delay patient access to new and innovative medicines. Second, it threatens to stifle the pharmaceutical industry's research and development, potentially leading to a decrease in the discovery of groundbreaking new treatments, while further impeding an industry vital to Puerto Rico's economy. These factors highlight the inherent risks of adopting a pricing strategy that might ultimately hinder both patient care and pharmaceutical innovation.