Novartis AG, Merck and Allergen were among many other drug manufacturing companies in US to raise prices on more than 100 prescription medicines. The step has raised the number of drugs to cost more in the year 2020 to 445.
The data analysed by healthcare research firm 3Axis Advisors highlights the steep rise in drug prices in recent times in US. The price rise is said to be above the average of 404 drug price increases in the first three days of January over the past five years. The price increase is however below 10%, with median price increase of around 5%, said 3 Axis.