[Chart] Pharma Companies Make Billions as Prescription Spending Soars
July 24, 2015 at 14:01 PM EDT
Prescription drug spending continues to hit record highs, and the world's top pharma companies continue to bank billions. More than $374 billion was spent on prescription drugs in the United States in 2014, according to a report from the IMS Institute of Health. That was a 13.1% jump from 2013, and the highest growth rate in more than a decade, says ExpressScripts. Here's a look at how U.S. prescription drug spending has trended over the last 10 years.. Tags: big pharma , biotech investing , biotech stock , pharma companies , pharma investing , pharma stock , pharmaceutical stocks , top pharma companies , top pharma stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post [Chart] Pharma Companies Make Billions as Prescription Spending Soars appeared first on Money Morning - We Make Investing Profitable .