568% price hike for generic Prozac

Pharmaceutical Associates, a drugmaker based in Greenville, S.C., raised the price of its generic version of Prozac by 568 percent, according to The Financial Times.

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The cost hike of the antidepressant, first reported on April 3, sets the price of a 120-milliliter bottle at $67.

The company also raised the price of a generic version of Vicodin and haloperidol, a schizophrenia treatment, by more than 100 percent, according to the report.

While triple-digit price hikes are not illegal, they are a rebuke of a common industry practice of keeping price increases below 10 percent annually.

Read the full report here.

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