In a recent blog by Pharmacychecker.com, consumers were informed of pharmaceutical companies who increase their costs due to the patented medications only available to them. In particular, Valeant Pharmaceuticals were singled out for their nefarious activities in increasing their medication prices.
It is important not to shy away from the fact that there are numerous companies following in the same path. Valeant Pharmaceuticals’ has increased prices for many medications that were not new or innovative. Often, pharmaceutical companies exhibit high prices to recuperate research and development costs for new drugs. However, Valeant Pharmaceuticals were criticized for the rising prices of old drugs and critical medications. Click here to find out more about Valeant’s price increases and how they defended themselves.