Pfizer hikes U.S. prices for more than 100 drugs
Pfizer confirmed a 9.4 percent increase for heavily advertised pain drug Lyrica, which generated $2.3 billion in 2014 U.S. sales; a 12.9 percent increase for erectile dysfunction drug Viagra, which had 2014 U.S. sales of $1.1 billion; and a 5 percent increase for Ibrance, a novel breast cancer drug launched last year at a list price of $9,850 per month, or $118,200 per year.
Those price increases were compiled by a unit of Wolters Kluwer Health and published in a research note by UBS Securities. UBS said Pfizer increased prices by 20 percent for anticonvulsant Dilantin, hormone therapy Menest, angina drug Nitrostat, Tykosyn for irregular heartbeat, and antibiotic Tygacil.
The analyst report said U.S. prices were raised on a total of 105 Pfizer drugs. No price reductions were reported. ■