Prices of 245 drugs hiked in 6 months

” Although some price walkings may be attributable to disturbances in international manufacturing supply chains, others can be attributed to opportunistic walkings in the face of high boosts in demand,” analysts from Patients for Affordable Drugs wrote.

The report from the client advocacy group found that the average rate boost was 23.8 percent..

In between January 20 and June 20, drugmakers around the world raised rates on 245 drugs, including 61 that were used to deal with symptoms of the novel coronavirus, according to a new report by Patients for Affordable Drugs.

Of the drugs that saw price increases, 61 might be utilized to treat symptoms of COVID-19, 30 were being checked in scientific trials versus the virus, and 181 were substance abuse to manage persistent conditions. A few of the affected drugs fell under more than one classification.

More posts on drug store: Cheap steroid in lack after being posited as potential COVID-19 treatmentRegeneron paid patient charity millions in kickbacks, lawsuit claimsNovartis pays DOJ, SEC $347M in kickback plan settlement.

Alia Paavola –
Monday, June 29th, 2020

Hikma Pharmaceuticals hiked the cost of Duramorph, an intravenous morphine used to sedate COVID-19 patients on ventilators, by 59 percent in March. Common medications like Tylenol, Ibuprofen and Reglan, which can deal with symptoms related to coronavirus, also increased in price by as much as 29 percent.

© Copyright ASC COMMUNICATIONS 2020. Intrigued in LINKING to or REPRINTING this material? View our policies by clicking here.