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DRUG SALES:The Rise in Drug Spending and
What It Means
Podcast: April 21, 2014
Reduced patent expirations, the introduction of the largest number of new drugs in a decade, and growing use of healthcare services helped increase total U.S. spending on drugs in 2013 by 3.2 percent, according to a new report from IMS Institute for Health Informatics. We spoke to the Institute’s Executive Director Murray Aitken about the report, what it tells us about the biopharmaceutical industry’s ability to bring innovative therapies to market, and the evolving debate of the cost and benefits of these new drugs.
Burrill Pan-Asia Meeting