It isn’t your imagination. More and more pharmaceutical drugs are expensive and meant to be injected, and that isn’t counting vaccines.
Biologic drugs, also called biologics, are produced from or with living organisms and are made up of blood components, cells, genes, and recombinant proteins such as those found in monoclonal antibodies.
Usually injected, these drugs typically cost about 22 times more than regular pharmaceutical drugs and “can generate profit margins of up to 40 percent,” according to Pharma’s Almanac, which explains the biologic drugmaker direction. In fact, in 2017, while only 2 percent of people in the United States had used biologic drugs, they accounted for 40 percent of prescription drug spending. Unlike regular pharmaceuticals, biologics can evade generic copies and can monopolize a market longer….