California’s new transparency law shows staggering rise in wholesale drug prices

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Pharmaceutical companies raised the wholesale cost of their drugs by a median of nearly 26% from 2017 to early 2019, according to a California report.

Patients who come to the Havelhöhe cancer clinic in the leafy outskirts of Germany’s capital are often very sick.

California’s transparency law also requires drugmakers to state why they are raising prices. Over time, that information, in addition to cost disclosures, could create “one of the more comprehensive and official drug databases on prices that we have nationwide,” Wright said. “That, in itself, is progress, so that we can get better information on the rationale for drug price increases.”

 

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