Unsupported price hikes added $815 million to US drug spending in 2023 [Yahoo! Finance]
Johnson & Johnson (JNJ)
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Source: Yahoo! Finance
were not supported by clinical evidence and drove costs higher by $815 million, an influential drug pricing watchdog said on Thursday. The Institute for Clinical and Economic Review (ICER) said that half of the drugs assessed had price increases based on new evidence of additional benefits or reduced harm, while the other half lacked such evidence. Johnson & Johnson's cancer drug Darzalex was on the list of price increases not backed by clinical evidence for the second time this year. A 7.6% rise in the treatment's list price added about $190 million to U.S. spending, according to the report. Gilead's HIV drug Biktarvy, Novartis' heart drug Entresto, Exelixis' cancer therapy Cabometyx and Pfizer's rheumatoid arthritis drug Xeljanz were the other four drugs that contributed to increased spending without being backed by data. Biktarvy contributed more than the other four on the list, the ICER's Vice President of Research Foluso Agboola said. "We continue to see list price incr
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