Pfizer, Novartis and more post price hikes on dozens of drugs, but AbbVie’s is worth the most
fiercepharma | January 04, 2018
It's not just specialty drugmakers raising prices in recent days. Big Pharma has pushed through a spate of increases, and while all of them are sub-10% the cap some companies have adopted—some of them will cost payers and consumers plenty. A single price increase, in fact, could add more than $1 billion to the U.S. healthcare system's drug bill this year, one analyst figures: AbbVie's 9.7% hike on its megablockbuster Humira. Wells Fargo's David Maris and his team dug into Medi-Span Price Rx data for the period from Dec. 15 to Jan. 3 and found the stickers for dozens of pharma's big-selling drugs grew during that time. None of the companies they investigated implemented a price hike higher than 9.9%, Maris wrote in a note on Thursday.