Abstract
In a recent study by the American Association of Retired Persons (AARP), the average prices for brand-name prescription drugs were found to have increased by an average of 13 percent in 2013, compared to the inflation rate the year of just 1.5 percent. The Daraprim and Cycloserine cases, while extreme illustrations, depict a broader trend of increasing U.S. drug and health care costs to patients. The two manufacturers' pricing decisions illustrate a longstanding tension in the pharmaceutical industry between the need for firms to recoup the high costs associated with bringing drugs to market and keeping drugs affordable for consumers.
Files
Metadata
- Subject
Consumer Protection Law
Intellectual Property Law
Science and Technology Law
- Journal title
Boston College Intellectual Property and Technology Forum
- Volume
2015
- Pagination
1-19
- Date submitted
29 November 2022
- Related URL