BLG 699 Lecture Notes - Lecture 10: Rheumatoid Arthritis, Esomeprazole, Adalimumab
Document Summary
Shock or dismay experienced by the potential buyers of a particular product on discovering its high or increased price. New drugs for cancer and rare diseases come with big price tags. Drugs don"t work, if people can"t afford them . Supports trump"s initiative to lower the prices of very expensive prescription drugs. This initiative is supposedly the first plan that would actually reduce the prices and not just prevent price increase. Assumed to lower prices from 80% 26% more than what other wealthy nations pay. The monthly supply cost increased 54 percent. The three month supply rose 113 percent. Humira, by abbvie, treats rheumatoid arthritis, among other conditions that cause inflammation. The typical monthly treatment soared 126 percent. Biologic medicines: the biggest driver of rising drug prices. Biologic drugs (larger molecules) such as monoclonal antibodies are a costlier process than many traditional drugs (small-molecules)