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Hoping We Wouldn’t Notice? Pharma Spreads Out Its New Year Price Hikes
WASHINGTON, D.C. —Thirty-five drug corporations waited until the spotlight on new year price hikes had faded and then tried to quietly make nearly 150 additional increases on top-selling prescription drugs, according to data from AnalySource. So far, drug corporations have raised the prices of 783 drugs in January 2021 alone. While more than 100 other […]
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Pharma Raises Prices On Over 600 Drugs To Start The New Year
WASHINGTON, D.C. — A new analysis from Patients For Affordable Drugs found that more than 100 drug corporations raised list prices on 636 drugs in the first week of January, with a median price hike of 4.99 percent — more than four times the rate of inflation. Big Pharma’s price hikes outpace those from the first […]
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Taxpayers to Big Pharma: You’re Welcome
WASHINGTON, D.C. — Multinational drug corporations want all the credit for the COVID-19 vaccines — but taxpayer funding is overwhelmingly responsible for the new vaccines’ creations. Now, drug companies stand to make billions in profit off of the pandemic and cash in on the public’s massive vaccine investment, Patients For Affordable Drugs says in its latest […]
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STATEMENT: Big Pharma Continues Price Hikes as Americans Fight Pandemic
WASHINGTON, D.C. — In response to the news that Big Pharma increased prices on hundreds of drugs on January 1st, 2021, David Mitchell, a cancer patient and founder of Patients For Affordable Drugs, issued the following statement: “Pandemic be damned, drug corporations started 2021 just like every other year — raising prices by as much as […]
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NEW REPORT: Pandemic Worsens, But It’s Price Hikes As Usual For Pharma
WASHINGTON, D.C. –– Even as COVID-19 deaths surge across the country, a new report issued today by Patients For Affordable Drugs shows it’s business as usual for Big Pharma. Drug corporations are continuing to increase prices, and particularly on drugs vital to COVID-related outcomes. Since the beginning of the year, drug corporations have increased the […]
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WASHINGTON, D.C. — To coincide with the 10-year anniversary of his cancer diagnosis, David Mitchell published an op-ed in Morning Consult reflecting on the lessons he has learned over the last decade. He touches on his reaction to the diagnosis, the role innovative drugs play in his life, and the inspiration he’s drawn from family, […]
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WASHINGTON, DC — In response to the news that Moderna plans to accept another $1.5 billion from American taxpayers and then charge the highest price of any of the vaccine makers for its COVID-19 vaccine, David Mitchell, a cancer patient and the founder of Patients For Affordable Drugs, issued the following statement: “Moderna already admitted […]
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IN THEIR OWN WORDS: Drug Corporations Plan to Raise Prices on COVID-19 Vaccines
WASHINGTON, DC — This week, Moderna became the latest drug company to announce plans to increase the price of its COVID-19 vaccine once public attention on the novel coronavirus subsides. This would normally be considered business as usual, but it’s especially appalling because these developing COVID-19 vaccines have been financed by taxpayers. Experts anticipate a […]