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Doing Our Part as Drug Affordability Concerns Continue to Rise
The pharmaceutical industry is facing pressure against rapidly rising drug costs, and many customers are seeing these costs passed on to them. Drug prices are rising for several reasons, such as supply chain constraints and higher manufacturing costs.
When Inflation Impacts Drug Costs: The Westminster Pharmaceuticals Approach
Inflation is impacting every corner of American life, and no industry is impervious to it – including the pharmaceutical industry. As a result, pharmaceutical companies are facing pressure from consumers and regulators alike to drive down drug pricing to ensure medications are available and accessible to those who need it.
With our consumers as our top priority, Westminster Pharmaceuticals is taking steps to help assure affordable drug pricing and combat the forces driving prices. By ramping up the production of low-cost generics, absorbing profit margin loss, and offering our partners the most competitive rates possible, we hope to pass on savings to consumers so everyone can afford the drugs they need.