Senate panel grills pharma CEO over executive bonuses. Calls ties to sales of blockbuster drug Humira 'problematic'
A senate panel on Tuesday grilled AbbVie Chairman and CEO Richard Gonzalez about the U.S. drugmaker's arthritis treatment Humira, saying that tying executive bonuses to sales of the blockbuster drug was"problematic." Humira's $18.3 billion in 2017 sales — which rose 14.6 percent from the previous year and accounted for about 65 percent of the company's $28.
, said in questioning the CEO at a hearing on prescription drug costs before the Senate Finance Committee on Tuesday."Would you make a smaller bonus if you dropped the price of Humira?" In response, Gonzalez said,"Humira was one element of a set of financial factors that were evaluated as part of my compensation. It's obviously a very significant product for us. So it is clear it would be a part of the evaluation.
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