Name: Drugmakers in U.S. hike prices on 500 drugs
Uploaded: 2021-01-05T21:00:03.000Z
Duration: 1 min 40 s
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Taking Abbvie's drug, Humira may face higher prices this year.

Healthcare Research Firm 46 Brooklyn says Abbvie raised prices on around 40 drugs, including a 7.4% hike on Humira, the world's top selling drugs.

It's one of the more than 500 drugs in the U.

S that 46 Brooklyn says, kicked off 2021 with higher list prices.

It says nearly all the increases were below 10%.

The median hike was down slightly from last year at 4.8%.

Bristol Myers raised prices on roughly a dozen drugs, including the price of its blood thinner eloquence by 6% and cancer drug Revlimid by 4.5%.

It said it on Lee raised prices on drugs with ongoing clinical research.

It expects net prices to fall this year after factoring and rebates and other discounts.

Last week, Reuters reported that Pfizer plans to raise prices on more than 60 drugs by between half percent and 5%.

The industry's price hikes come as the pandemic has reduced doctor visits and demand for some drugs.

Drugmakers Air also fighting the Trump Administration's price cutting rules that would reduce the industry's profitability.

Since 2015, drug price increases have slowed substantially.

But 46 Brooklyn says the average cost per branded drug is still inching upwards.

 It notes pharmaceutical manufacturers air cycling out cheaper brands that treat large populations, replacing them with pricier brands designed to treat smaller populations. 