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How does Pfizer decide to change the price of medicines?
We may change the price of a medicine to reflect new uses or formulations that result from our continued research.
Medicines are often initially approved for use in a specific population. Once a medicine is approved, we continue studying it to see if other patients can benefit, or to find ways to improve it.
- In addition, external factors in the marketplace, such as availability of new medicines or generic options, can impact price.
Keep in mind that medicines are unique because they are a health care cost that decreases over time.
This is because of the U.S. patent system,which allows for lower-priced generic versions to become available when a medicine’s patent expires.