Median Drug Launch Price 85 Times Higher Compared to 2008

Median Drug Launch Price 85 Times Higher Compared to 2008
A new study by Brigham and Women’s Hospital found launch prices for pharmaceuticals is 85 times higher than prices in 2008 fizkes/Shutterstock
Marina Zhang
Updated:
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A study led by researchers from Brigham and Women’s Hospital has found that median launch prices for new drugs have grown 85 times higher compared to prices in 2008 in the United States, resulting in higher pharmaceutical expenditures for consumers.

Median launch prices for new drugs have increased from costing $2,115 in 2008 to $180,000 per year in 2021. From 2008 to 2013, only 9 percent of the newly released drugs were priced at $150,000 a year, whereas drugs released from 2020 to 2021 saw almost half—47 percent—of them marketed to be $150,000 or higher.

Marina Zhang
Marina Zhang
Author
Marina Zhang is a health writer for The Epoch Times, based in New York. She mainly covers stories on COVID-19 and the healthcare system and has a bachelors in biomedicine from The University of Melbourne. Contact her at [email protected].
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