08:38 AM EST, 12/31/2024 (MT Newswires) -- Drugmakers including Pfizer ( PFE ) , Bristol-Myers Squibb ( BMY ) and Sanofi ( SNY ) plan to raise US list prices on at least 250 branded medications, including COVID-19 treatments, cancer cell therapies and vaccines, at the start of 2025, Reuters reported Tuesday, citing data from the healthcare research firm 3 Axis Advisors.

Most of the price hikes are below 10% and are to list prices, which do not include rebates and discounts, the report said. The median price increase is 4.5%, according to the report.

Some drug list prices will decrease, including Merck's ( MRK ) diabetes drugs Januvia and Janumet, the report said.

Pfizer ( PFE ), Bristol-Myers Squibb ( BMY ), Sanofi ( SNY ), and Merck ( MRK ) did not immediately reply to MT Newswires' requests for comment.

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