FILE- In this July 10, 2018, file photo bottles of medicine ride on a belt at a mail-in pharmacy warehouse in Florence, N.J. Drug companies are still raising prices for brand-name prescription medicines, just not as often or by as much as they used to, according to an Associated Press analysis. (AP Photo/Julio Cortez, File) TRENTON, N.J. — Drug companies are still raising prices for brand-name prescription medicines, just not as often or by as much as they used to, according to an Associated Press analysis. After years of frequent list-price hikes, many drug makers are showing some restraint, according to the analysis of drug prices provided by health information firm Elsevier. In the first seven months of 2019, drug makers raised list prices for brand-name prescription medicines by a median of 5%. That’s down from about 9% or 10% over those months the prior four years, the AP found. From January through July this year, there were 4,483 price increases, down 36% from that stretch in 2015. Several large manufacturers skipped their usual mid-year increases, noted Elsevier drug pricing expert Kay Morgan. Those include industry titans taking heat for high prices, including Pfizer, Novartis, Amgen, AbbVie and Johnson &… Read full this story
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