But what we may not realize is the toll that the pandemic has taken on the pharmaceutical industry and the effect it will have on prices of prescription drugs in 2021.

Expect your prescription drug prices to increase in 2021?

On Jan 1, drugmakers including Pfizer Inc, Sanofi SA and GlaxoSmithKline Plc plan to increase their drug prices on more than 300 drugs.

What can we expect in terms of prescription drug increase in 2021?

So far, pharmaceutical companies to increase their drug prices have done so at increases of 10% or below.

Just how much have prescription drug prices increased?

In addition to pressures to recoup their losses on profits as a result of the pandemic and the toll it has taken  on the pharmaceutical industry.