Posted by Michael Wonder on 06 Feb 2020
Major pharmaceuticals' January drug price hikes were smallest in at least 6 years
5 February 2020 - When major drug makers delivered their customary January price hikes last month, they increased the list prices of their products by an average of 5%, according to an analysis by Raymond James.
The investment bank, utilising data from IQVIA and Wolters Kluwers, reports that this was the smallest price increase since at least 2014.
That comports with the industry's trend. In 2014, its average annual January price hike was 12%; since then, the rate has steadily fallen.
