Democrats Take Control, Look To Reform Drug Laws

Law360, New York (November 10, 2006, 12:00 AM EST) -- The recent shift in power in Congress could bring big changes to the pharmaceutical industry, with Democrats already promising legislative change to make drugs more affordable for consumers.

The specter of change in the aftermath of the election has already driven down the shares of pharmaceutical companies. Democrats swept recent election, taking control of both the Senate and House of Representatives.

Rep. Nancy Pelosi (D-Calif.), who will become the speaker of the House, has pledged to act quickly on a to-do list that includes changing the...
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