Leading pharmas won't rule out double-digit price hikes

12 April 2017

After Allergan (NYSE: AGN) chief executive Brent Saunders pledged to limit price increases to single digits, three pharmaceutical companies agreed to make the same commitment, according to Public Citizen.

The companies are AbbVie (NYSE: ABBV), Novo Nordisk (NOV: N) and Valeant Pharmaceuticals (TSX: VRX).

Although it was reported that Takeda Pharmaceutical (TYO: 4502) would also follow suit, CEO Christophe Weber’s comment that the firm is “very committed” to the single-digit goal surely leaves some wriggle room.

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