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posted by Fnord666 on Wednesday June 09, @06:41PM   Printer-friendly
from the did.you.take.the.pill.or.not? dept.

The FDA has approved a new drug for Alzheimer's disease, while not a cure it is supposed to slow the decline. Even though data is not entirely positive or straight forward in its interpretation or that it will actually even work as thought.

But if you have it then you are probably desperate enough to try almost anything that claims to work, until you get to the price tag of $56,000 per year. That will probably make it out of reach for most people, it's doubtful if any insurance will cover something like this. Perhaps you can just forget to pay the bill, they might understand due to your condition.

Biogen CEO Michel Vounatsos [...][said] he thought the drug's price was "fair" but also vowed that the company would not hike its price for four years.

https://www.cnbc.com/2021/06/07/fda-approves-biogens-alzheimers-drug-the-first-new-therapy-for-the-disease-in-nearly-two-decades.html

Previously:
In Surprise Turnaround, Biogen to Submit Previously Failed Alzheimer Drug for Approval
Disputed Alzheimer's Study Links Decrease in Amyloid Levels to Reduction in Cognitive Decline
Positive Result in Mice as Alzheimer's Drug Trials Fail and Regulatory Barriers Are Rolled Back


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  • (Score: 2) by darkfeline on Thursday June 10, @07:07AM (2 children)

    by darkfeline (1030) on Thursday June 10, @07:07AM (#1143827) Homepage

    Perhaps it cost the manufacturer $1 to produce them. How much did it cost to do the research and set up all the infrastructure to start producing them? And unless all of the initial investors were funding the endeavor solely out of benevolence, they're going to want a return on their investment, or they wouldn't have invested in the life saving treatment one would be receiving; they may have invested in improved construction technology instead. Good for home owners, bad for you dying.

    We are far from post scarcity, so we need some way to distribute resources efficiently. We could go the socialist planned economy route, but history has shown that for all its faults, a free market works way more efficiently. And so here we are.

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  • (Score: 2) by Runaway1956 on Thursday June 10, @03:09PM (1 child)

    by Runaway1956 (2926) Subscriber Badge on Thursday June 10, @03:09PM (#1143897) Homepage Journal

    Return on investment is understandable. R&D expense, ditto. So, why all the silly games? Why do they need that whole discount and coupon nonsense? Why spend 30 billion on pushing the drugs? People are going to come for life saving drugs when the life saving drugs are needed, no adverts needed.

    It's nothing more than a carnival side show. I put three, six, twelve, or sixty cups upside down on the table, put a prize under one. If you can keep up with the sleight of hand, you can claim the prize. Careful now, pay close attention to the rules that I make up as we go!!

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    • (Score: 0) by Anonymous Coward on Thursday June 10, @04:13PM

      by Anonymous Coward on Thursday June 10, @04:13PM (#1143916)

      The discount and coupon sideshow is all about regulation. In specific, Medicare pricing. There's all sorts of rules about what they have to do for medicare drugs (a very big chunk of the market they definitely want to be eligible for) that are very poorly designed. In the end, it pretty much requires them to play these sorts of games if they want to actually be profitable.