Democrat Jacky Rosen sees Big Pharma investments soar while urging lower drug prices

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Democrat Jacky Rosen sees Big Pharma investments soar while urging lower drug prices
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Sen. Jacky Rosen (D-NV), who faces a tough 2024 reelection bid in the swing state of Nevada, reaped a windfall in profits from her investments in companies that have jacked up drug prices — all while the Democrat has touted support for lowering them.

Rosen has described on social media how she hears from"constituents every week who are concerned about the rising cost of prescription drugs," and has vowed to"keep fighting to lower prescription drug costs for everyone." The Nevada Democrat, who Republicans have slammed over her campaign spending cash at luxury restaurants and hotels, disclosed in 2022 holding up to roughly $300,000 in shares of major pharmaceutical and biotechnology companies.

The latest disclosure included Rosen's shares worth up to $15,000 in Amgen, a drugmaker that handed the senator up to $2,500 in dividends in 2022, according to disclosures. In May, Biden's Federal Trade Commission sued Amgen as part of an effort to purportedly fight prescription drug price hikes.

We must do more to get inflation under control and provide relief for hardworking families in Nevada. That's why I'm fighting to fix supply chains, lower the costs of essentials like housing and prescription drugs, cut taxes for the middle class, and stop price gouging. "These are longstanding investments from before she was elected to Congress," a Rosen spokesman said."Senator Rosen has been a leader in the fight to lower prescription drug costs for hardworking Nevadans — successfully taking on drug companies to deliver historic action that finally allows Medicare to negotiate for lower drug prices and cap insulin at $35 a month."

Ensuring our seniors have access to resources, health coverage, and affordable prescription drugs is something I'll always fight for. pic.twitter.com/7XIGnrCuvt

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