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A new analysis released Tuesday by Patients for Affordable Drugs estimates that pharmaceutical companies in the U.S. have raised drug prices 1,186 times so far this year, further padding their bottom lines while intensifying the already overwhelming cost burden for patients.
Patients for Affordable Drugs found that between June 24 and July 5, pharmaceutical companies increased prices for 133 products. Pfizer, for instance, hiked the cost of its leukemia medication Besponsa again this month, bringing its per-vial price tag to $21,056.
“This is Pfizer’s fourth hike on the cancer drug during the COVID-19 pandemic — even as the company enjoys record-shattering profits from its vaccine,” the analysis notes.”