Big Pharma rang in the New Year by having customers ring up higher drug prices at the checkout counter. According to Stat News, several big-name drug makers hiked prices up nearly 10%.
Allergan (AGN) upped the price of 18 medicines by 9.5 percent. This particular number was reached to keep the drug maker to its pledge of “no double-digit” price hikes. The pledge was made as part of social contract issued over growing anger at the price of medication. Allergan did release a statement noting the new prices stay within the range of their pledge. They are one of the few drug companies to actually make the pledge.