Biogen’s Aduhelm Sales Total $2 Million in Second Quarter

by Msnbctv news staff

The drug maker Biogen reported on Thursday that its controversial Alzheimer’s drug Aduhelm introduced in $2 million in its first few weeks of availability, the primary income for a therapy that’s anticipated to generate billions of {dollars} and pressure Medicare’s funds inside a couple of years.

The corporate didn’t disclose the variety of sufferers which have acquired the drug, which is priced at $56,000 yearly on common. Biogen’s chief govt, Michel Vounatsos, mentioned on an earnings name {that a} “large chunk” of the income had come from stockpiled stock and that the drug’s launch has been considerably slower than the corporate had anticipated.

Business analysts anticipated the drug to get off to a modest begin. Many insurers haven’t but determined easy methods to cowl it. Administration websites — usually reminiscence clinics that see sufferers with cognitive issues — have been slowed by the complexities of administering the drug, which have to be given as a month-to-month intravenous infusion.

The federal company that administers Medicare introduced earlier this month that it might provoke a monthslong evaluation to find out whether or not to standardize protection of the drug throughout the nation, a step that would prohibit which sufferers obtain it. Within the meantime, some Medicare Benefit plans, a substitute for conventional Medicare that’s provided by non-public insurance coverage corporations, have already authorised sufferers to obtain the drug, the corporate mentioned.

Biogen executives spent a lot of the earnings name on Thursday defending Aduhelm and the method that led to its approval.

The drug’s approval final month generated intense scrutiny, largely as a result of there’s scant proof that it might assist sufferers. Some main medical facilities have determined to not provide it, and two congressional committees are investigating the drug’s approval and its worth. Critics have additionally questioned the shut collaboration between Biogen and the Meals and Drug Administration within the lead-up to the approval.

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