Drug maker price hikes

January 12, 2016

US DRUGMAKERS have raised prices an average of 10% on branded drugs since late Dec according to equity analysts. Some of these increases are adding thousands of dollars to already pricey drugs. Since 01 Jan Pfizer raised list prices an average of 10.6% on more than 60 branded products with prices for eight products going up at least 20%. Acorda Therapeutics raised the price of its drug Ampyra used to help multiple sclerosis patients improve walking by 11% on 01 Jan to an annual cost of more than $US23,650 per patient. Drugmakers say they need to raise prices to fund risky research but the price hikes shed light on the drug companies’ pricing power and the lack of regulatory bodies in place to control the prices.

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Pharmacy Daily | Drug maker price hikes

Drug maker price hikes

Other recent headlines

Pharmacy spend on the up

DDS named Canstar’s Best Pharmacy

Med safety initiative for intellectual disability

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES