The pharma industry is a cornerstone of modern medicine, responsible for developing and distributing life-saving medications that improve countless lives. However, the industry’s practices and priorities have come under scrutiny, raising questions about its responsibility to the American public.

Milton Friedman wrote that “there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.” One can argue that pharma companies have and have not adhered to this principle.