Posted by Michael Wonder on 02 Jul 2018
Pfizer hikes cost of Viagra and 100 other drugs, report says
2 July 2018 - A month after President Donald Trump signaled drug companies would soon be slashing prices, the nation's largest pharmaceutical company is reportedly upping the costs of 100 drugs and treatments.
Pfizer has increased the price of some of its better-known drugs, including the erectile dysfunction treatment Viagra, according to a story published Monday by the Financial Times. The increases, which took effect July 1, are just over 9% on average, well above the rate of inflation, which is about 2%.
It's the second such move this year by Pfizer, with the cost of some of its drugs up nearly 20 percent since January, according to figures viewed by the news outlet.
