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Hillary Clinton's plan to monitor and lower the cost of prescription drugs will hinder investments into new drugs and negatively impact consumers Pfizer's CEO Ian Read said Thursday during a webcast at the Wells Fargo's healthcare conference in Boston.

While the pharmaceutical industry has found itself under increasing scrutiny for high drug prices , Fortune recently highlighted the good deeds of four drugmakers in its 2016 "Change the World" list.

While Mylan recently announced it would provide a generic version of its controversially expensive EpiPen, Consumer Reports magazine acknowledged that a cheaper version of the medication already exists.

Prescriptions for Mylan's life-saving EpiPen medications have increased over the past four years, peaking every year in August. Last month, the number of prescriptions surpassed totals from the previous three Augusts, according to a report from athenahealth.

A Senate panel will look into Mylan's controversial price markups for the Amsterdam-based drugmakers life-saving EpiPen medication, reported NBC News.

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