US pays more for name-brand drugs, less for generics RAND CORPORATION Prescription drug prices in the U.S. are significantly higher than in other nations, with prices in the U.S. averaging 2.78 times those seen in 33 other nations, according to a new RAND report. The gap between prices in the U.S. and other countries is...
Tag: <span>expensive</span>
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COVID meds like Paxlovid will soon have big price tags
by Cara Murez Americans have been getting COVID treatments such as Paxlovid for free, but that’s about to end. The medications will enter the private market this week, the Associated Press reported. The price for a five-day course of Paxlovid, made by Pfizer, will be $1,390. Merck has not confirmed a price for its COVID...
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High R&D isn’t necessarily why drugs are so expensive
by University of California – San Diego Credit: Unsplash/CC0 Public Domain In the first known study of its type, an international team of researchers evaluated whether high research and development (R&D) costs explain high drug prices in the United States. “There is a presumption that high R&D costs justify high drug prices. If that were...