… February 11, 2019 News Advisory …

SHAREHOLDER DEMOCRACY NETWORK: AMERICANS WORRIED ABOUT RUNAWAY DRUG PRICES HAVE NEW WAY TO SPEAK OUT AND BE HEARD

No Longer Will Shareholders Be Only Stakeholders Who Can “Vote” on Major Proxy Resolutions; New Web Site to Engage Thousands on Key Issues, Including Climate, Gun Safety and Opioids.

SAN FRANCISCO//NEWS ADVISORY//With reports emerging nearly daily about surging drug prices, a new web platform – www.ShareholderDemocracy.com – will allow thousands of Americans to “vote” on pending 2019 shareholder resolutions at six pharmaceutical companies. Shareholder Democracy Network and its drug-pricing ballot for stakeholders will be launched during a phone-based news conference at 1 p.m. ET/10 a.m. PT on Tuesday (February 12).

The goal of Shareholder Democracy Network is to allow not only company shareholders, but also a wider range of stakeholders (including mutual fund investors and consumers of products, such as prescription medications), to speak out and be heard. Future Shareholder Democracy Network ballots will focus on such issues as guns safety, labor practices, climate change, and opioids.

The Shareholder Democracy Network “drug pricing ballot” focuses on AbbVie, Biogen, Bristol Myers Squibb, Eli Lilly, Johnson & Johnson, and Pfizer. 

to participate IN NEWS EVENT:  

Reporters can join this live, phone-based news conference (with full, two-way Q&A) by dialing 1 (877) 418-4267 at 1 p.m. ET/10 a.m. PT Tuesday, February 12, 2019. Ask for the “drug pricing/Shareholder Democracy Network” news event. 

NEWS EVENT SPEAKERS:

  • David Apgar, the founder of Shareholder Democracy Network and former small-business fund manager and author of Risk Intelligence (Harvard Business 2006).

  • Heidi Welsh, the founding executive director of the Sustainable Investments Institute (Si2), has analyzed and written about corporate responsibility issues since the late 1980s.

CAN’T JOIN US ON A LIVE BASIS?:  

A streaming audio recording of the news event will be available on the Web as of 5 p.m. ET/2 p.m. PT on February 12, 2019 at http://www.shareholderdemocracy.com.

BACKGROUND:

The AARP found that prescription drug prices increased four times faster than inflation in 2017.

One in 4 Americans report having trouble paying for prescription drugs they need and 14 percent report not being able to fill their prescriptions. The pharmaceutical industry association claims hospital markups drive drug prices and pharma executives argue those prices enable innovation, though the industry’s claims and arguments are disputed.

Media Contact:  

Max Karlin, (703) 276-3255 or mkarlin@hastingsgroup.com.   

The Shareholder Democracy Network reconnects our companies with their community. The Shareholder Democracy Network makes your voice heard – as a customer, employee, investor, or mutual fund shareholder – in the boardrooms of our companies. www.shareholderdemocracy.com.