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Published on FierceHealthcare (http://www.fiercehealthcare.com)

SPOTLIGHT: Pfizer, GSK hike prices to boost sales

By admin
Created Mar 26 2008 - 7:59am


Pfizer and GlaxoSmithKline boosted wholesale drug prices by about 9 percent on their 10 best-sellers last year. These price increases come as both companies brace for generic competition for blockbuster meds. But the strategy could easily backfire; ye olde supply and demand theory says higher prices leads to lower demand. And as we've seen, payers fed up with ever-rising healthcare costs are likely to push back against sticker shock. Article [1]


Source URL:
http://www.fiercehealthcare.com/story/spotlight-pfizer-gsk-hike-prices-to-boost-sales/2008-03-26