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Lilly's Prices After Concessions Rise 6% In 2017, While Merck's Net Prices Decline

 
• By Cathy Kelly

Price transparency reports from the big pharmas also show continued increases in price concessions in 2017, but a slow-down in list price increases.

group of businessman in black suit and holding red arrow down graph

Eli Lilly & Co.'s average net prices across its US product portfolio increased 6% in 2017 despite significant rebates and discounts, according to drug pricing data in the company's recently-released Integrated Summary Report.

Discounts and rebates collectively reduced list prices by an average of 51% in 2017, up slightly from 50% in 2016. (See chart.) Lilly's price concessions in certain product categories have been on a steep upward trajectory, however, driven by intense competition in diabetes and increased negotiation leverage by pharmacy benefit managers

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