World pharma spending to exceed $1tn in 2014 - study

November 20, 2014 2:39 PM

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Global pharmaceutical spending will surpass the trillion dollar threshold in 2014, with high prices for innovative hepatitis C and cancer drugs in the US, a new study says. By 2018 spending is expected to increase by another 30 percent.

With an increase of 7 percent over 2013, total spending on medicines will amount to $1.06 trillion in 2014, says the report “The Global Use of Medicines: Outlook through 2018” from the IMS Institute for Healthcare Informatics, released Thursday.

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