Term and semester are words generally popular at educational institutions and universities. These terms are used for the duration or the time period for which a session extends or has been agreed to be scheduled. Term is an applicable word that applies to the length of the academic session.
Everything to Know About the Arrested Drug Price-Hiking CEO. Victor Luckerson. Updated: Dec 18, 2015 12:48 PM ET | Originally published: Dec 17, 2015. Pharmaceutical company CEO Martin Shkreli first became notorious after he jacked up the price of a life-saving pill by more than $700 a pop earlier this year. Now, the 32-year-old entrepreneur has been arrested for securities fraud in a case tied to a separate pharma company that he used to run.
After dropping during the recession, drug prices have reignited in the past four years, returning to growth rates of a decade ago. In 2012, prescription drug prices rose 3.6%, twice the 1.7% inflation rate, Bureau of Economic Analysis data show.The trend is in sharp contrast to other health costs.Prices for a doctor's visit, lab test and nursing home room all fell below the rate of inflation for the past two years. What's driving drug costs up: brand-name drugs paid for by insurance and often heavily advertised.he top-selling drugs reflect the strategy of the $310 billion annual drug industry: No. 1 Nexium, a heartburn drug, had a 7.8% price hike to a $262 average prescription in the first nine months of 2012, IMS Health reports.