July 29, 2022
Life Sciences
  • According to Vizient’s Summer 2022 Pharmacy Market Outlook report, drug price growth will slow next year as biosimilars are expected to curb the price of the world’s best-selling drug. The report found that pharmaceutical prices are projected to increase 3.26 percent in 2023, a steep decline from the 6 percent price hike in 2017. Vizient predicted a 3.3 percent increase last year; the actual price change was 2.8 percent. The 2017 spike was the highest in the last five years. (Press release here)