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Pricing Pressure Pays Off As Drug Spending Moderates Despite New Launches

 
• By Mandy Jackson

A New IQVIA Institute report shows that rebates, discounts and limits on access to medicines are having the effect that payers want: drug spending growth is slowing and will soon plateau, even as new, high-cost brands come to market. PhRMA's view? Competitive markets keep costs down.

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A new IQVIA Institute for Human Data Science report shows that significant rebates, discounts and limited access to medicines are keeping drug spending growth in check, though Pharmaceutical Research and Manufacturers of America (PhRMA) credits competition for slowing the compound annual growth rate (CAGR) for drug spending globally.

Clearly, both payer pressures on pricing and the need to price medicines competitively – especially in drug classes with multiple...

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