Post was not sent - check your email addresses! The therapy is sold by Neos Therapeutics Inc., based in Grand Prairie, Texas.Representatives for Neos didn't respond to requests for comment.The electric vehicle pioneer’s shares are up again in premarket trading Tuesday, leaving investors wondering what is driving the stock this week. Drugs.com provides accurate and independent information on more than 24,000 prescription drugs, over-the-counter medicines and natural products. Among them are Ibrance, which sold nearly $3.7 billion globally through the first nine months last year, and rheumatoid arthritis therapy Xeljanz.A Pfizer spokeswoman said that nearly half of its drugs whose prices went up are sterile injectables, which are typically administered in hospitals, and the majority of those increases amount to less than $1 per product dose.Pfizer's largest percent increases, 15%, are on its heparin products, which are generic blood thinners typically administered in hospitals.Pfizer said the heparin increases are to help offset a 50% increase in the cost of raw materials and expand capacity to meet market demand. "Prices go up but demand remains the same," said Michael Rea, CEO of Rx Savings Solutions. Webinar Lonza’s SimpliFiH® Solutions By Vassia Barba We've received your submission.Happy New Year … hope you don’t need a prescription in 2020.Drugmakers including Bristol-Myers Squibb, Pfizer and Biogen on Wednesday hiked US list prices on more than 50 drugs — including life-saving cancer and HIV meds — bringing the total number prescription medicines that will cost more this year to over 250, according to the healthcare research firm 3 Axis Advisors.Other Big Pharma outfits, including Gilead Sciences, GlaxoSmithKline and Sanofi SA, also planned to increase prices on more than 200 drugs on New Year’s Day.Nearly all of the price increases are below 10 percent and the median price increase is about half of that, according to 3 Axis.Soaring prescription drug prices are expected to be a central issue in the presidential election.President Trump made lowering US prescription drug prices a key pledge of his 2016 campaign, and was expected to focus on the issue again as he runs for reelection.“Hard-working Americans don’t deserve to pay such high prices for the drugs they need. The median price increase will be 5%, and nearly all the increases will be less than 10%, the news service reported. Through the first nine months of 2019, Humira sales totaled nearly $11 billion.GlaxoSmithKline PLC raised the prices on more than two dozen different therapies, although none by more than by 5%. The company said the average net price of its drugs declined by 1% in 2018.In 2018, Pfizer was assailed by President Trump after the company raised the prices on some 40 drugs. That is currently below the average of 371 drug price increases in the first two days over the past five years. We are fighting DAILY to make sure this HAPPENS,” Many drugmakers had pledged to keep their US list price increases below 10 percent a year, under pressure from politicians and patients.Bristol-Myers raised the price on 10 drugs on Wednesday, including 1.5 percent hikes on cancer immunotherapies Opdivo and Yervoy and a 6 percent increase on its blood thinner Eliquis, all of which bring in billions of dollars in revenue annually.The company also raised the price on Celgene’s flagship multiple myeloma drug, Revlimid, by 6 percent.Gilead raised prices on more than 15 drugs including HIV treatments Biktarvy and Truvada less than 5 percent, according to 3 Axis.And Biogen price increases included a 6 percent hike on the multiple sclerosis treatment Tecfidera.The US, which leaves drug pricing to market competition, has higher prices than other countries where governments directly or indirectly control the costs, making the States the world’s most lucrative market for manufacturers.Drugmakers often negotiate rebates on their list prices in exchange for favorable treatment from healthcare payers.As a result, health insurers and patients rarely pay the full list price of a drug.Gov. These yearly January price hikes are not new. Andrew Cuomo last month proposed allowing prescription drugs to be “The exorbitant cost of prescription drugs is a massive burden on families across the country, and we’re determined to use every tool in the tool box and pursue every available avenue to bring real relief to New Yorkers,” Cuomo said then.
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