Pfizer Hikes Prices for Over 100 Drugs on January 1 [View all]
Source: NBCNews.com, Reuters
Pfizer Hikes Prices for Over 100 Drugs on January 1
by Reuters
Jan 8 2016, 11:42 pm ET
Pfizer Inc, which plans a $160-billion merger with Ireland-based Allergan Plc to slash its U.S. tax bill, on Jan. 1 raised U.S. prices for more than 100 of its drugs, some by as much as 20 percent, according to statistics compiled by global information services company Wolters Kluwer.
Pfizer confirmed a 9.4 percent increase for heavily advertised pain drug Lyrica, which generated $2.3 billion in 2014 U.S. sales; a 12.9 percent increase for erectile dysfunction drug Viagra, which had 2014 U.S. sales of $1.1 billion; and a 5 percent increase for Ibrance, a novel breast cancer drug launched last year at a list price of $9,850 per month, or $118,200 per year.
Company spokesman Steven Danehy could not immediately confirm the remaining price increases, which were compiled by a unit of Wolters Kluwer Health and published in a research note by UBS Securities.
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"Medicines are among the most effective and efficient use of private and public health care dollars," Pfizer said in an emailed statement.
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Read more: http://www.nbcnews.com/business/business-news/pfizer-hikes-prices-over-100-drugs-january-1-n493281
Motherfuckers want to gouge the public and the government. Then they want to get out of paying their taxes.
It's way past time for some HEAVY regulation of this entire industry.
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