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News & Press: General Information

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

Thursday, September 01, 2016   (0 Comments)
Posted by: Danielle Adams
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At least eight pharmaceutical companies sell a decades-old drug that treats gallstones, but the competition has done little to keep its price down.

Instead the price has skyrocketed.

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.

 

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