U.S. pharmaceuticals raising prices

[lovuian]

http://feeds.bignewsnetwork.com/?sid=f68cc4362f96711e

U.S. pharmaceuticals raising prices
--------------------------------------------------------------------------------

Big News Network.com Tuesday 25th January, 2005 (UPI)

Prescription drug prices in the United States are rising, the result of competition from generics and the coming Medicare prescription drug benefit.

Of the 50 biggest-selling medicines in the drug industry, 31 had price increases since the November elections through Jan. 19, reported Delta Marketing Dynamics, a price-tracking firm in East Syracuse, N.Y. In the same period a year earlier, only 22 of the top 50 drugs had price hikes.

A number of big-selling drugs, including Pfizer's antibiotic Zithromax, are expected to lose patent protection this year, the Wall Street Journal reported Tuesday
more...

This is getting ridiculous!!! Competition raises prices???