Pfizer Is Raising Drug Prices and Paying for Good PR
Corporate news outlets like Semafor are running sponsored posts from Pfizer bragging about how the pharma manufacturer is altruistically working to expand access to its products overseas — the same month Pfizer raised prices on 99 of its drugs in the US.

Headquarters of the pharmaceutical company Pfizer in Madrid, Spain. (Cristina Arias / Getty Images)
Pfizer recently made headlines for hiking prices on roughly a hundred drugs in the United States, shortly after the company announced plans to quadruple the price of its COVID-19 vaccine. Now, the pharmaceutical giant is paying news outlets to tell a different story — a fawning tale about how the company has been altruistically working to expand access to its products overseas.
On Tuesday, the news website Semafor ran a sponsored post from Pfizer bragging about the drugmaker’s efforts to “increase access to health care innovation” in low-income countries. Pfizer has also sponsored Semafor’s DC-focused “Principals” newsletter for Washington insiders in recent days. Next week, the Hill will host an event sponsored by Pfizer entitled “Expanding Adult Vaccine Access,” which will feature several DC lawmakers and a top federal health care regulator.
The Pfizer sponsorships are just the latest examples of how, when the news coverage gets rough, big businesses can pay corporate media to change the narrative and run counterprogramming — with the hope that policymakers and consumers will be sufficiently distracted from the stories that really matter.