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Prices set to rise on 350 medicines this year, with inflation as major cause

File photo: Pills
Pills

Prices for at least 350 medicines are set to hike this year.

That includes COVID-19 treatment Paxlovid, cancer drug Ibrance, and migraine pill Nurtec.

CNN reports the increase is up from 250 last year, but the median is around 4% which is in line with 2025.

Drugmakers point to inflation for the hike.

CNN also reports that drugmakers do plan to cut prices on around nine drugs.


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