Woerner
07-01-2004, 06:35 AM
That’s right, the pharmaceuticals jacked up the costs for prescription drugs to three times the rate of inflation this year. The government and seniors thought they’d be saving money, but manufacturers will win out in the end.
"Manufacturers are offsetting discounts with prices that are higher than they otherwise would have been," Rother said at a news conference held by the 35 million-member seniors' group.”
“Bristol-Myers spokesman Rob Hutchison said the company spends an average of $800 million on each new drug it develops. "The prices of our innovative medicines reflect the research needed to discover and develop them," he said.”
To read more go to: http://www.phillyburbs.com/pb-dyn/news/94-07012004-324768.html
"Manufacturers are offsetting discounts with prices that are higher than they otherwise would have been," Rother said at a news conference held by the 35 million-member seniors' group.”
“Bristol-Myers spokesman Rob Hutchison said the company spends an average of $800 million on each new drug it develops. "The prices of our innovative medicines reflect the research needed to discover and develop them," he said.”
To read more go to: http://www.phillyburbs.com/pb-dyn/news/94-07012004-324768.html