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VANCOUVER, BC, February 05, 2023 /24-7PressRelease/ -- After setting records-setting U.S. prices for the first half 2022, drugmakers launched high-priced medicines in the second half. This is despite new legislation that lowers the cost of older prescription drugs.
The median annual price for the 17 new drugs approved by the U.S. Food and Drug Administration since July 2022 was $193,900. This is down from $257,000 in 2022's first half, Reuters reported. The median price for the full year 2022 was $222,000.
"It is truly shocking when you see the Reuters survey and the record-high prices of new drugs launched in the second half of the 2022," says SaveRxCanada.to.
According to the latest figures, there has been a double-digit increase in price year-over-year. Aaron Kesselheim (professor of medicine at Harvard Medical School and Brigham and Women's Hospital) said in the Reuter's article that he doesn't see any change to this trend.
How Consumers Can Fight Back?
SaveRxCanada.to believes the answer is access to generic medications. As patents expire, lower-cost generics mitigate prescription drug price inflation. Through SaveRxCanada.to's RxSelect program, patients are able to access many generic versions of popular brand name drugs including life saving cancer medications. Typical savings can range between 40-70% and in some cases more.
The RxSelect program was first introduced in 2004 and has been a lifeline to patients all over the globe. RxSelect offers free shipping and 5% rewards points that can then be used on future orders.
SaveRxCanada.to is a trusted, affordable, and reliable Canadian pharmacy intermediary since over 19 years.
Through their network of licensed Canadian and International pharmacies, the company is committed to providing affordable prescription drug prices to all patients.
To browse the available catalogue of brand name and generic drugs, visit SaveRxCanada.to
Toll Free Calls: 1-866-799-3435 - Use ref #100048
Monday-Friday 9:00am to 5:00pm (EST)
All orders required a valid prescription from a licensed physician or doctor.
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