Friday, May 16, 2014

Big Pharm is Big $$$

* Fifteen cancer drugs introduced in the last five years cost more than $10,000 per month

* A cholesterol-lowering treatment for those with certain rare genetic disorders costs $311,000 per year

* A cystic fibrosis medicine costs $300,000 per year (development partially funded by charity)

* In 2012, Americans spent $263 billion on prescription drugs

* Generic drugs now make up 86% of all medicines used in the U.S.

*  The $19.3 billion lost to patent expirations in 2012 was offset by a $20 billion increase in prescription drug prices


Source - Bloomberg Businessweek

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