shame on you Brent Chief Executive Brent Saunders had announced in 2016 that Allergan would limit itself to one price rise a year on its medicines, and keep those increases under 10% as part of a “social contract” with patients. Allergan said Tuesday that it is “committed to responsible pricing principles” outlined in that pledge. Allergan applied price increases just below 10% on some of its products also at the start of 2017 and 2018.
I hate Brent just as much as the next guy, but without reading the article, it sounds like he did the one price increase per year and kept them under 10 percent according to your paragraph.
It’s a BS contract. Since its inception, Allergan has taken a price increase of just below 10% on most products. The biggest products get the biggest increase. Their increase this year was the highest out of all pharma companies. When you have lost billions upon billions in value as a CEO because you don’t know how to run a company, this is what you do.
