from its coronavirus vaccine in 2021, the U.S.-based pharmaceutical giant Pfizer has kicked off the new year by hiking the prices of more than 120 of its drugs, resulting in significantly higher costs for patients amid a deadly pandemic.released Thursday by Patients for Affordable Drugs , which found that pharmaceutical companies have raised the prices of 554 medicines this month alone.
“Despite this record revenue in 2021,” the report continues, “Pfizer began 2022 with price hikes on seven of its 10 best-selling drugs,” including its pneumonia vaccine , a breast cancer medication , and a treatment for people with cardiovascular disease . Ashley Suder, a West Virginia resident who takes Pfizer’s Eliquis to manage her autoimmune disease, told P4AD that she has had to spend her “entire paycheck” on medication and will likely be taking Eliquis for the rest of her life.
While the worst offenders, Pfizer and its subsidiaries were hardly alone in raising drug costs for patients during the first month of 2022, according to P4AD, which also spotlighted price hikes by Gilead, Eli Lilly, and other prominent pharmaceutical companies.
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