Posted At The Business Journal
BY : Mike Sunnucks
Valley real estate developer and Democratic Senate candidate Jim Pederson faulted Republican Sen. Jon Kyl Wednesday for taking campaign contributions from the pharmaceutical industry and supporting import bans related to less- expensive prescription drugs from Canada and Europe.Kyl is a leading opponent of lifting restrictions that prohibit importation of less-expensive prescription drugs from Canada and Europe into the U.S., citing concerns about import safety.
Supporters of drug imports -- including Pederson and a number of Republicans, including Arizona Sen. John McCain -- argue that allowing drugs in from other industrialized, Western countries will help ease skyrocketing prescription costs.
The U.S. pharmaceutical industry also opposes drug imports and Democrats point to the fact that the sector supports Kyl with campaign contributions.
Kyl has received more than $143,000 in campaign contributions from pharmaceutical firms since 1989, according to the Center for Responsive Politics.
Kyl's pharma backers include Abbott Laboratories (NYSE: ABT), Amgen (NASDAQ: AMGN), Bayer Corp. (NYSE: BAY), Eli Lilly & Co. (NYSE: LLY), Merck (NYSE: MRK), Pfizer (NYSE: PFE) and GlaxoSmithKline (NYSE: GSK), according to Federal Election Commission filings.
The Kyl campaign did not respond to requests for comment on Pederson's criticism.
Pederson, a Democrat looking to unseat the conservative Kyl next year, also criticized the GOP incumbent for supporting a controversial Bush administration-backed Medicare prescription drug benefit.
That $700 billion program is backed by Kyl but faulted by Pederson and other critics, including McCain, because it does not allow the federal health programs to negotiate lower prices with drug companies.
McCain and East Valley Republican Congressman Jeff Flake want the Medicare drug plan scrapped and the money used to help pay for hurricane reconstruction.
McCain -- who is Kyl's campaign chairman -- recently hammered the pharmaceutical industry over the import and Medicare drug plan issues.
Pederson appeared with Michigan Sen. Debbie Stabenow Wednesday at a Phoenix event focused on health care and drug costs.


















