Here's why drug prices rise even when there's plenty of competition

September 1, 2016 10:08 AM

13 0

At least eight pharmaceutical companies sell a decades-old drug that treats gallstones, but the competition has done little to keep its price down.

Two years ago, ursodiol’s wholesale price was as low as 45 cents a capsule. Then in May 2014, generic drug manufacturer Lannett Co. hiked its price to $5.10 per capsule, and one by one its competitors followed suit – with most charging nearly the same price.

Also read: Mylan Officials Unlikely to Lose Pay Over EpiPen Settlement

Read more

To category page