Markets:
DJIA --305.020.90%
NASDAQ --77.380.70%
S&P --29.130.73%
Featured Stocks:
LIT -1.64% 66.70
DOUG -2.96% 3.94
RIG -2.86% 3.73

big pharma

Article Index

[Chart] Pharma Companies Make Billions as Prescription Spending Soars

By , Associate Editor, Money Morning • @KyleAndersonMM -

Biotech Investing

Prescription drug spending continues to hit record highs, and the world's top pharma companies continue to bank billions.

More than $374 billion was spent on prescription drugs in the United States in 2014, according to a report from the IMS Institute of Health. That was a 13.1% jump from 2013, and the highest growth rate in more than a decade, says ExpressScripts.

Here's a look at how U.S. prescription drug spending has trended over the last 10 years..