New IQVIA data show medicine prices grew just 1.5 percent in 2018

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Last year, the U.S. Food and Drug Administration approved a record of 59 novel new medicines. During this incredible era of innovation, medicine prices grew just 1.5 percent in 2018, after factoring in negotiated rebates and discounts, according to a new report from the IQVIA Institute for Human Data Science, “The Global Use of Medicine in 2019 and Outlook to 2023.”