Drugmakers are launching brand-name medicines with ever-higher price tags on day one. New drugs for cancer and rare diseases can cost more than $20,000 a month.
Trend follows rising pressure on companies to rein in repeat or annual price hikes for older drugs
Drug pricing is complicated and secretive. WSJ explains how the flow of money, drugs and rebates behind the scenes may drive up the price of prescription medicine for consumers. Illustration: Mallory BranganA new Amgen Inc. lung-cancer treatment, Lumakras, carried a hefty price tag when it came out in 2021: $17,900 per patient monthly.
Just over a year later, in December 2022, a second drug for the same type of cancer, Krazati from Mirati Therapeutics Inc., had an even higher price: $19,750 a month—a 10% premium.
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