Summary
Over 250 branded drugs in the U.S. will see price increases starting Jan. 1, 2025, with most hikes below 10% and a median increase of 4.5%.
Key companies like Pfizer, Bristol Myers Squibb, and Sanofi are raising prices on treatments for COVID-19, cancer, and vaccines, citing R&D costs and inflation.
Some prices, such as Merck’s diabetes drugs, will be reduced.
Critics highlight that U.S. drug prices remain the highest globally, while manufacturers face pressure to moderate year-over-year price hikes.
Lol, what R&D Costs for already developed drugs?
Guess who footed the bill for all that emergency Covid R&D a few years ago? Hint - it was not the pharmaceutical companies.
They didn’t even funded it without COVID, that drug was developed at a University IIRC
Well, the argument is that they need to cover new R&D costs
Know what industry has higher R&D costs than pharmaceuticals? Chips.
And my computers aren’t going up that much