Firm accused of hiking drug price by 12,000%

Firm accused of hiking drug price by 12,000%

Drugs firm Actavis UK overcharged the NHS by hiking the price of a life-saving drug by more than 12,000%, the competition watchdog alleges. It said the amount charged for 10mg hydrocortisone tablets rose to £88 per pack by March 2016 from 70p when a branded version of the drug was sold by a different company prior to April 2008. There was also a 9,500% increase for 20mg tablets, the Competition and Markets Authority (CMA) said.

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