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Eugene

(61,900 posts)
Mon Feb 4, 2019, 07:36 AM Feb 2019

Senator Sanders to ask why drug, once free, now costs $375k

Source: Reuters

POLITICS FEBRUARY 4, 2019 / 6:06 AM / UPDATED 30 MINUTES AGO

Senator Sanders to ask why drug, once free, now costs $375k

Yasmeen Abutaleb
3 MIN READ

WASHINGTON (Reuters) - U.S. Senator Bernie Sanders plans to send 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.

-snip-


Read more: https://www.reuters.com/article/us-usa-healthcare-catalyst/senator-sanders-to-ask-why-drug-once-free-now-costs-375k-idUSKCN1PT0ZJ
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Senator Sanders to ask why drug, once free, now costs $375k (Original Post) Eugene Feb 2019 OP
It's no secret-- it's just business... TreasonousBastard Feb 2019 #1

TreasonousBastard

(43,049 posts)
1. It's no secret-- it's just business...
Mon Feb 4, 2019, 08:06 AM
Feb 2019

As an unapproved drug, they can't sell it.

https://en.wikipedia.org/wiki/Amifampridine

Around 2000 doctors at Assistance Publique – Hôpitaux de Paris created a phosphate salt form, which was developed through a series of companies ending with BioMarin Pharmaceutical which obtained European approval in 2009 under the trade name Firdapse, and which licensed the US rights to Catalyst Pharmaceuticals in 2012. As of January 2017, Catalyst and another US company, Jacobus Pharmaceuticals, which had been manufacturing the free base form and giving it away for free since the 1990s, were racing to obtain FDA approval for their versions first; the company that obtained the approval would have seven years of marketing exclusivity.


In other news, when it got European approval, the price went up. Way up.

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