Roche hiked cancer drug prices before pledge to keep them flat

Bloomberg

21 July 2018 - Like a growing number of its peers, Roche pledged this week not to raise drug prices for the rest of the year. Thing is, the Swiss company had already done the second of its customary two annual increases.

Roche gave the U.S. government its no-price-rises promise on July 11, the company said in a statement Friday. The health system also needs to focus on “long-term, system-wide solutions that lower costs,” Roche said. “We’re committed to being part of the solution.”

However, Roche had raised the prices of nine medicines in early July by an average of about 3 percent, a spokeswoman told Bloomberg News later Friday by email. This included increases for Roche’s three best-selling drugs, the oncology blockbusters Herceptin, Rituxan and Avastin.

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Michael Wonder

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Michael Wonder

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Cancer , Medicine , US , Pricing