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Big Pharma Quietly Hikes Drug Prices 100 Percent or More

Posted by truthpills on 2009/02/27

Friday, February 20, 2009 by: David Gutierrez, staff writer

(NaturalNews) Without any fanfare, pharmaceutical companies have been raising the prices of many of their drugs by 100 percent or more, according to a study conducted by researchers from the University of Minnesota.

The researchers investigated cases in which drugs had their prices increased by 100 percent or more in a single cost adjustment, finding that drug companies had done so for 26 products in 2006. Questcor Pharmaceuticals, for example, increased the price of its drug Acthar (used to treat spasms in infants) by 1,424 percent, from $1,650 per vial to a whopping $23,000.

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One Response to “Big Pharma Quietly Hikes Drug Prices 100 Percent or More”

  1. euandus2 said

    The drug companies claim they are raising prices because some of their patents will expire soon. However, it is convenient that they are doing so before the planned health insurance reforms go into effect. I recommend the following post: http://euandus3.wordpress.com/2009/11/16/drug-companies-as-feeding-machines/

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