Democrats spent another day behind closed doors assembling a reform bill that many had hoped would be marked up in the House Rules Committee yesterday. If Democrats are going to stay true to their word to release a bill 72 hours before a vote, today is likely their last chance to release it in time to put a bill on the House floor before President Obama leaves for Indonesia on Sunday. A bit of good news for Democrats: PhRMA agreed Tuesday to fund an initial $6 million ad buy in the districts of 38 wavering House Democrats. The pro-reform ads will come from the industry-funded coalition Americans for Stable Quality Care and could hit the airwaves as early as today, a top industry official said. The deep-pocketed trade group didn’t decide how much it would spend in total on the campaign; officials are waiting to review the bill first. The decision to flip the switch on five or six days worth of advertising will come when the industry is comfortable with the bill’s direction. The drug industry is really the only pro-reform group able to match the millions being spent by opponents like the Chamber of Commerce. And the White House had been pressuring the industry for days to OK the ads, industry sources said. So it appears Dems will be getting some air cover soon.