Drugmakers Raise Prices on Hundreds of Medicines

Pharmaceutical companies are ringing in 2019 by raising the price of hundreds of drugs, with Allergan PLC setting the pace with increases of almost 10 percent on more than two dozen products, reports the Wall Street Journal . Many companies' price hikes are fairly modest. However, a few are especially high, including on some generics — the cheaper alternative to branded drugs accounting for nine out of 10 prescriptions filled in the United States. According to an analysis from Rx Savings Solutions, more than three dozen drugmakers raised the prices on hundreds of medicines in the U.S. on Tuesday. The average hike was 6.3 percent, including increases on different doses for the same pharmaceuticals.