New Specialty Medicines Drive Up Drug Spending

April 14, 2015 11:00 AM

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TUESDAY, April 14, 2015 (HealthDay New) -- New medicines targeting conditions like hepatitis C, cancer and multiple sclerosis helped to propel drug spending to its highest level in more than a decade, a new report finds.

Medicine sales jumped 13 percent, to nearly $374 billion, in 2014 after a period of mostly low single-digit growth, according to the report released Tuesday by the IMS Institute for Healthcare Informatics in Parsippany, N.J.

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