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posted by martyb on Thursday January 02 2020, @11:43AM   Printer-friendly
from the prepare-for-sharply-worded-letters dept.

More drugmakers hike U.S. prices as new year begins:

NEW YORK (Reuters) - Drugmakers including Bristol-Myers Squibb Co (BMY.N), Gilead Sciences Inc (GILD.O), and Biogen Inc (BIIB.O) hiked U.S. list prices on more than 50 drugs on Wednesday, bringing total New Year’s Day drug price increases to more than 250, according to data analyzed by healthcare research firm 3 Axis Advisors.

Reuters reported on Tuesday that drugmakers including Pfizer Inc (PFE.N), GlaxoSmithKline PLC (GSK.L) and Sanofi SA (SASY.PA) were planning to increase prices on more than 200 drugs in the United States on Jan. 1.

Nearly all of the price increases are below 10% and the median price increase is around 5%, according to 3 Axis.

More early year price increases could still be announced.

Soaring U.S. prescription drug prices are expected to again be a central issue in the presidential election. President Donald Trump, who made bringing them down a core pledge of his 2016 campaign, is running for re-election in 2020.

[...] The United States, which leaves drug pricing to market competition, has higher prices than in other countries where governments directly or indirectly control the costs, making it the world’s most lucrative market for manufacturers.


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  • (Score: 2) by RS3 on Thursday January 02 2020, @03:03PM

    by RS3 (6367) on Thursday January 02 2020, @03:03PM (#938625)

    I and most people feel that way, but nobody seems to be able to stop the tide. The argument is that any kind of economic control will "stifle innovation".

    So innovation is only driven by greed?

    My mind is awash in ideas; none are a solution.

    In other news, it's been shown that Tylenol reduces empathy. We need something that increases empathy, and put it in all food and water. Well, after we've fed drug company boards of directors to wild coyotes.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2