If I told you that drug companies lean on their exceptional pricing power to grow their top and bottom lines, it probably wouldn't come as a shock in the least. If you've picked up a prescription from the pharmacy at any point over the past couple of years, you're probably well aware of the inflation tied to prescription drugs.What you may not be aware of is just how reliant drug companies have become on increasing the price of existing medicines in order to grow their businesses.Image source: Getty Images.Continue reading
These 7 Drugmakers Relied On Price Hikes For 100% Of Their Earnings Growth In 2016
newsfeedback@fool.com (Sean Williams), The Motley Fool
Fri, 04/28/2017 - 5:02am
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