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New drug for rare childhood disease; price tag, $702,000 a year and an explosive statement from the FDA

May 1st, 2017
Categories: News

Link: http://investmentwatchblog.com/new-drug-for-rare-childhood-disease-price-tag-702000-a-year-and-an-explosive-statement-from-the-fda/

The FDA has just approved a new drug, Brineura, for a rare childhood brain-disease known as CLN2, which progresses quickly and is considered fatal. BioMarin, the drug’s manufacturer, has pegged the yearly price of the drug for a patient at an astronomical $702,000. Discounts will be offered—the average annual price for the patient will come down to $486,000.

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