Big Pharma Begins Year With Hundreds Of Price Hikes

The Wall Street Journal reports:

More than three dozen drugmakers raised the prices on hundreds of medicines in the U.S. on Tuesday, according to an analysis from Rx Savings Solutions, which sells software to help employers and health plans choose the least-expensive medicines. The average increase was 6.3%, according to the analysis, including increases on different doses for the same drug.

Allergan confirmed the increases cited in the analysis, saying it raised the price of 51 products—27 by about 9.5% and another 24 by about 4.9%. The increases covered more than half of its portfolio, from an extended-release version of its Alzheimer’s drug Namenda to dry-eye treatment Restasis. Of the companies analyzed, Allergan had the most increases of more than 9%.

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UPDATE: Now there IS a paywall. Sorry folks.