COVID therapies and vaccines propel rise in spending on medicines in 2021

Apr. 23, 2022 4:00 PM ETPfizer Inc. (PFE), JNJ, MRK, GILDAMGN, GSK, NVS, BMY, RHHBY, LLY, SNY, AZN, REGN, IQV, MRNA, BNTXBy: Jonathan Block, SA News Editor2 Comments

Pills dollar symbol

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Demand for COVID-19 vaccines and therapies helped contribute to a 12% increase in spending on medicines in the U.S. in 2021, according to the IQVIA Institute for Human Data Science.

U.S. spending on medicines reached $407B last

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