World's Most Expensive Medicine
Novartis Gene Therapy to Cure Rare Disease in Infants Source: Novartis Basel, Switzerland $2.125 Million Dollar Cure The US Food and Drug Administration just approved the first gene therapy for a specific and deadly type of spinal muscular atrophy. This is a very rare inherited disease that is detected in infants. Novartis has priced the drug at $2.125 million or $425,000 for a five year regimen. This raises many serious ethical questions about the cost of life saving drugs, who receives them and how to pay. Novartis Acquisition Novartis acquired the blockbuster drug through a $8.7 billion acquisition. They are now launching it. It's raising a lot of issues, concerns and hope. If Big Pharma can address this rare disease and save infant lives, can it save other lives at birth from other diseases and at what cost and profit for them? SMA Spinal Muscular Atrophy (SMA) is an inherited neuromuscular disease that causes progressive muscular a...