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TheBlackAdder

(28,209 posts)
Mon Feb 4, 2019, 01:24 PM Feb 2019

File Under WTF? -- US Senator Sanders asks why drug, once free, now costs $375k

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Kick'em when they're down.


US. Senator Bernie Sanders sent a letter to Catalyst Pharmaceuticals on Monday asking it to justify its decision to charge $375,000 annually for a medication that for years has been available to patients for free.

The drug, Firdapse, is used to treat Lambert-Eaton Myasthenic Syndrome (LEMS), a rare neuromuscular disorder, according to the letter, made available to Reuters by the senator’s office. The disorder affects about one in 100,000 people in the United States.

The government is intensifying its scrutiny of the pharmaceutical industry and rising prescription drug prices, a top voter concern and a priority of President Donald Trump’s administration.

Both the Democratic-led U.S. House of Representatives and the Senate, controlled by Republicans, have begun holding hearings this year on the rising costs of medicines. Sanders is an independent who usually votes with Democrats.

In the letter dated Feb. 4, Sanders asked Catalyst to lay out the financial and non-financial factors that led the company to set the list price at $375,000, and say how many patients would suffer or die as a result of the price and how much it was paying to purchase or produce the drug.



https://www.rawstory.com/2019/02/us-senator-sanders-asks-drug-free-now-costs-375k/

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File Under WTF? -- US Senator Sanders asks why drug, once free, now costs $375k (Original Post) TheBlackAdder Feb 2019 OP
Obscene! Nationalize the pharmaceutical industry! MineralMan Feb 2019 #1
I forget which ones, but a doctor neighbor said some of those drugs on TV are over $100K a year. TheBlackAdder Feb 2019 #2
Yes. Every time I see a new Pharma ad, I say, MineralMan Feb 2019 #3
I take Coumadin. It costs around $6.00. Tracer Feb 2019 #4
Yes. Those new drugs are easier for the MD to manage. MineralMan Feb 2019 #5
I like your primary's approach. fleabiscuit Feb 2019 #10
Well, I think generics are where people should start. MineralMan Feb 2019 #11
+1 fleabiscuit Feb 2019 #19
A drug my wife has to take MONTHLY COLGATE4 Feb 2019 #9
Not all of it. The taxpayer doesn't need to make lifestyle drugs jmowreader Feb 2019 #13
+1 n/t CloudWatcher Feb 2019 #15
Apparently, the company giving it away for free was providing the lower-quality "free base" LongtimeAZDem Feb 2019 #6
Sounds like a poorly disguised attempt at eugenics. Baitball Blogger Feb 2019 #7
For several reasons frazzled Feb 2019 #8
Thanks for the info. nt JCanete Feb 2019 #26
I was at my pharmacy the other day MuseRider Feb 2019 #12
If you delay getting part D, then it will cost more when you finally decide to get it. JustABozoOnThisBus Feb 2019 #20
Oh wow, thanks. MuseRider Feb 2019 #21
Medicare words (in other words, barely readable): JustABozoOnThisBus Feb 2019 #22
We desperately need area51 Feb 2019 #14
It's outrageous what drugs cost in this country. I wondered what that drug cost that's being Vinca Feb 2019 #16
And it's all profit. And marketing. Initech Feb 2019 #18
Hedge fund billionaires are profiting off the suffering of others. Initech Feb 2019 #17
Yep ck4829 Feb 2019 #25
This is a major thing that's wrong with pharmaceutical patents FakeNoose Feb 2019 #23
Kick ck4829 Feb 2019 #24

TheBlackAdder

(28,209 posts)
2. I forget which ones, but a doctor neighbor said some of those drugs on TV are over $100K a year.
Mon Feb 4, 2019, 01:35 PM
Feb 2019

.

It's the ones that seem to be on every network 24x7.

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MineralMan

(146,317 posts)
3. Yes. Every time I see a new Pharma ad, I say,
Mon Feb 4, 2019, 01:42 PM
Feb 2019

"And how much does that one cost?"

Here's the thing: The ads are designed to build demand from patients, who will ask their doctor if it would work for them. The doctor says, "It might, but it's not covered by your insurance. It's very expensive."

Then, the patient contacts his or her insurance provider and asks why they don't cover that medication. When enough people ask, the insurance company gets in touch with the Pharma company and negotiates a real-world price. Then it adds the medication to the highest co-pay category in its pharmacopoeia.

The doctor prescribes the drug to his patient and the pharma company starts raking in the bucks.

That's how it works. That's why those ads are everywhere. Build demand and it will get prescribed. The Pharma company will negotiate a real price once the demand is established.

Right now, the hot item is Hepatitis C drugs. There are, I think, three on the market now, and they can actually cure that dangerous illness. So, demand is high, and there is competition. They'll still cost a small fortune, but they'll end up being covered by people's health insurance companies. Money will change hands and someone will get rich.

Tracer

(2,769 posts)
4. I take Coumadin. It costs around $6.00.
Mon Feb 4, 2019, 01:58 PM
Feb 2019

Without me asking, both of my doctors suggested that I take either Xarelto or Eliquis --- both heavily advertised on TV.

They don't tell you this on TV, but if you get a big bleed with them, there is no way to stop it --- so you'd bleed to death.

Not wanting to exsanguinate, I stick with Coumadin.

And also, those 2 drugs cost well over $200 each.

MineralMan

(146,317 posts)
5. Yes. Those new drugs are easier for the MD to manage.
Mon Feb 4, 2019, 02:01 PM
Feb 2019

You don't have to test frequently for clotting time. However, as you say, long acting drugs can't just be turned off.

It's a trade-off, I guess. My primary care doctor generally opts for proven, older generics. He's a very sensibly guy.

fleabiscuit

(4,542 posts)
10. I like your primary's approach.
Mon Feb 4, 2019, 02:44 PM
Feb 2019

My principle is that if a drug hasn't been on the market for at least 10 years then you become the one of the test subjects.

MineralMan

(146,317 posts)
11. Well, I think generics are where people should start.
Mon Feb 4, 2019, 02:47 PM
Feb 2019

Most often, they'll do the job. If they don't, then you can try something else.

jmowreader

(50,560 posts)
13. Not all of it. The taxpayer doesn't need to make lifestyle drugs
Mon Feb 4, 2019, 03:16 PM
Feb 2019

Viagra is a lifestyle drug.

But how about this: We build a pharma factory on Fort Sam Houston and have it make off-patent drugs. Which we sell to the consumer at cost plus 5 percent, the profit going to reduce the deficit.

LongtimeAZDem

(4,494 posts)
6. Apparently, the company giving it away for free was providing the lower-quality "free base"
Mon Feb 4, 2019, 02:07 PM
Feb 2019

version, and could only do so on a limited basis.

frazzled

(18,402 posts)
8. For several reasons
Mon Feb 4, 2019, 02:14 PM
Feb 2019

First of all, it was "free" because it was only used in clinical trials until two months ago (which makes it free). It was only just approved by the FDA, in November 2018. See:

https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm627093.htm

Second, it's because it's a so-called "orphan" drug (designated for extremely rare diseases); such drugs receive extended exclusivity rights. So this is a real issue to be discussed. Talk amongst yourselves.

Next, note that this is the "list" price for the drug. An insurance will probably be charged far less for it, and an individual might be able to still receive it for free.

As for the cost to taxpayers: for this specificl rare drug, it's going to affect only a small population (the incidence is 5 people per 1 million). Cumulatively, though, these orphan drugs can run to a lot, because there are a lot of similarly rare diseases. Drug companies don't want to develop, market, or sell some of these drugs because there is no profitability in it. It's a problem, because some of the companies that pick up these drugs are unscrupulous. In this case, I think the pharma company did develop and test the drug itself; it wasn't a pickup.

I have a friend who has been suffering a different rare disease for the past year (a form of amyloidosis: where abnormal proteins produced in the bone marrow start attacking body organs), and he was just saying that one of his drugs costs $10K per month. His insurance has been paying for it in full (I'm sure at a third or quarter of that "list" price), but it's still a bit of a shocker. Still, it seems to be keeping him alive right now, and appears to have delayed the need for a previously scheduled stem-cell transplant, which is mega-expensive as well, plus quite dangerous.

I'm not dismissing the issue raised by this post or the drug's stratospheric cost. The issue needs to be studied and addressed. I am just trying to be more specific rather than just reacting to the "shock" value.



MuseRider

(34,111 posts)
12. I was at my pharmacy the other day
Mon Feb 4, 2019, 03:08 PM
Feb 2019

getting my first meds on Medicare but I had not purchased part D because I do not take a lot of meds yet. The Pharmacist told me that I would be back soon with Part D. She said that everyone who did not get it at first ended up getting it because even antibiotics had gotten so expensive they were going without them because they could not pay for them.

We need to face the fact that almost everything in the medical field is there for only the very wealthy. We can get the dribs and drags of it but the real care is for them alone. Who can pay for these drugs? We are comfortable but we certainly can not.

The only good thing about that is that mostly they are the newer drugs and they are not tested like they used to be. We, the patients, are the test groups now so let the wealthy test them and perhaps by the time our children are old enough to need some of them they will be affordable and safe. Oh wait, who am I kidding.

Medicine has become something that almost makes me not want to have been a part of it.

JustABozoOnThisBus

(23,350 posts)
20. If you delay getting part D, then it will cost more when you finally decide to get it.
Mon Feb 4, 2019, 06:01 PM
Feb 2019

There's some kind of built-in penalty. My drugs currently aren't much money, so I got the cheapest part D policy I could find, and it is pretty much useless. But, when I have to upgrade, the penalties won't be there.

JustABozoOnThisBus

(23,350 posts)
22. Medicare words (in other words, barely readable):
Mon Feb 4, 2019, 06:20 PM
Feb 2019

If you are subject to a late-enrollment penalty, you will pay your plan's monthly Medicare Part D premium along with an additional penalty calculated as one percent (1%) of the annual national base Medicare Part D monthly premium for each month you were without creditable prescription drug coverage.

Vinca

(50,278 posts)
16. It's outrageous what drugs cost in this country. I wondered what that drug cost that's being
Mon Feb 4, 2019, 04:27 PM
Feb 2019

advertised for people post-chemo. It's something that sticks on the back of your arm so you don't have to go in for a shot the next day. It's about $7,500 a dose! New dose after each chemo treatment. But I guess that's a steal compared to the drug Bernie is talking about.

Initech

(100,080 posts)
18. And it's all profit. And marketing.
Mon Feb 4, 2019, 04:31 PM
Feb 2019

I bet these drugs cost $10 to make. The rest goes into CEO pockets and to pay for the horrible commercials we see 24/7.

FakeNoose

(32,645 posts)
23. This is a major thing that's wrong with pharmaceutical patents
Mon Feb 4, 2019, 06:23 PM
Feb 2019

Catalyst Pharmaceuticals bought the patent from the original developer, and they're the ones who jumped the price so high. Meanwhile I think the original owner is going out of business.

The US government (FDA?) needs to step in and nullify this patent, or suspend Catalyst Pharmaceuticals' license until this drug is made available at a reasonable price.

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