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10 Drugs With Astronomical Price Hikes in 2024

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Orphan Drugs: Medications for rare diseases often have limited patient pools, leading to high prices to recoup development costs.

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Cancer Therapeutics: Innovative cancer drugs, especially those involving personalized medicine

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Gene Therapies: As cutting-edge treatments for genetic disorders, these can be incredibly costly due to their novel technology and the high cost of development.

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Hepatitis C Treatments: Highly effective but expensive, these drugs could become pricier if demand increases or newer, more effective versions are developed.

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HIV Medications: Long-term treatments that are essential for patients, with newer formulations potentially commanding higher prices.

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Insulin: A life-saving drug for diabetics, with prices historically subject to significant increases in some regions due to manufacturing complexities and market dynamics.

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Biologic Drugs for Autoimmune Diseases: Drugs for conditions like rheumatoid arthritis and psoriasis are often expensive and may see further price increases.

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Antidepressants: Newer or more effective formulations might command higher prices, especially if they offer advantages over existing treatments.

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EpiPens and Other Emergency Medications: Essential for life-threatening situations, any innovations or supply issues could drive prices up.

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Asthma Inhalers: With a constant demand and potential for new, more effective treatments, prices could rise.

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