Only two years ago, the cost of the antibiotic tetracycline in generic form was only $1.50 for pharmacies. But by 2014, the same drug cost $257.70 … a 17,080% increase. Another antibiotic, doxycycline, went from costing $1.20 to $111 in just six months. That’s an increase of 9,150%. One of the big players in the generic field is Israeli company Teva Pharmaceuticals. Teva has bought up competitors and as it has done so, it has raised its prices. The company now controls 22% of the generic market.
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