Medicine Prices Rose by up to 2,000%

A third-party audit found that 50 pharmaceutical companies raised medicine prices by up to 2,000%. The government has issued show-cause notices and launched a review of drug pricing.

A third-party audit means the check was done by an outside reviewer, not by the companies themselves. Up to 2,000% is the top of the range the audit found, not a figure that applies to every medicine. Show-cause notices ask the companies to explain the increases. The review of drug pricing is the government's follow-up. The update does not name the companies or the medicines.

What the medicine prices audit found

The audit covered 50 pharmaceutical companies and found increases of up to 2,000%. Show-cause notices are out, and a review of drug pricing is underway. Company names are not in the update.

Our verdict

An outside audit found medicine prices up by as much as 2,000% at 50 pharmaceutical companies. The government has issued show-cause notices and started a pricing review.

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