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How does Pfizer decide to change the price of medicines?

How does Pfizer change medicine prices?

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.

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.

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External factors in the marketplace, such as availability of new medicines or generic options, can impact price.