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Pfizer hikes prices on dozens of drugs for second time this year

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Pfizer Inc. raised the list prices for more than 40 of its prescription drugs this week, marking a second round of increases this year despite mounting public scrutiny.

The increases apply to widely used drugs including lung-cancer treatment Xalkori, Norvasc blood-pressure pills and Lyrica pain capsules, according to drug-pricing data from RELX PLC’s Elsevier information business. Many lift the list prices by 9.4% and by double-digit percentages for the year overall.

The moves, which were first reported by the Financial Times, separate Pfizer from several rivals that have pledged to lift list prices only once every 12 months and by less than 10% overall for the year, as they try to blunt criticism and avoid congressional action.

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 , one of the world’s biggest drug companies by sales, said it commonly sells its products at a discount and isn’t responsible for how much patients must bear in copays or other out-of-pocket costs.

An expanded version of this report appears on WSJ.com.

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July 2, 2018

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