Drew Armstrong - Drugmakers’ Deal With Obama Said to Be Probed by House

Pfizer Inc. (PFE) and Merck & Co. (MRK) are being pulled into an expanding congressional investigation about the agreement drugmakers reached with the Obama administration to support the Democrats’ overhaul of the U.S. health-care system, according to three people familiar with the talks.

The probe began last year, with Republicans on the House Energy and Commerce Committee seeking documents from an industry trade group, said the people, who aren’t authorized to speak publicly. When that group didn’t cooperate, the panel decided to target Pfizer, the world’s biggest drugmaker, along with Merck, Amgen Inc. (AMGN), Abbott Laboratories (ABT) and AstraZeneca Plc (AZN), said one of the people.

The Republicans last month began negotiating directly with the companies in e-mails, calls and meetings demanding documents and information outlining what the industry agreed to with President Barack Obama in 2009 and 2010, when the law was being worked on in Congress. Michael Burgess, a Representative from Texas, said he’s been frustrated by a lack of cooperation.

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http://www.bloomberg.com/news/2012-05-04/obama-deal-with-drugmakers-said-to-be-probed-by-house.html