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Pfizer hiking prices
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06-09-2016, 03:45 PM
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I recently read an article that Pfizer has increased its prices by 8% , while back in January the company had made another price raise of 10%.
In light of the gruelling socioeconomical differences of the US societal strata and health system, Pfizer's action seem fishy, to say the least.



Quote:Over the past few years, the increased cost for a variety of medicines has prompted outrage over the extent to which Americans can afford their medicines. Although the focus has largely been on newer medicines for such hard-to-treat diseases as hepatitis C and some forms of cancer, concern has also extended to some generic drugs, which have traditionally been lower-cost alternatives.

The issue exploded last year, however, after two companies — Valeant Pharmaceuticals and Turing Pharmaceuticals, which was led at the time by Martin Shkreli — were vilified for a strategy of buying medicines and then jacking up prices by sky-high percentages. Those tactics prompted congressional scrutiny and made drug pricing a talking point in the ongoing presidential campaign.


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