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Amgen’s new migraine drug will cost 30 percent less than Wall Street expected
Stat News ^ | May 17, 2018 | Damian Garde

Posted on 05/19/2018 1:00:46 AM PDT by GonzoII

Amgen will charge $6,900 a year for a new drug that can spare migraine sufferers a few headaches each month, a price that comes in well below Wall Street expectations as the company hopes to avoid the payer backlash that has hamstrung recent drug launches.

....snip

At $6,900 a year, Aimovig would seem more likely to appease payers, but Amgen’s investors may question just how lucrative the drug will end up being. By 2019, there could be four competing migraine treatments on the market, creating a competitive environment that might force Amgen to aggressively discount its therapy to stay in insurers’ good graces.

(Excerpt) Read more at statnews.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: pharma; trump
"By 2019, there could be four competing migraine treatments on the market, creating a competitive environment that might force Amgen to aggressively discount its therapy to stay in insurers’ good graces. "
1 posted on 05/19/2018 1:00:46 AM PDT by GonzoII
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To: GonzoII

It will sell for $500 per year in India......


2 posted on 05/19/2018 1:42:53 AM PDT by JParris
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To: JParris

$500 in India? More like 90 pills for $20


3 posted on 05/19/2018 2:55:17 AM PDT by Kozy (new age haruspex; "Everyone has a plan 'till they get punched in the mouth.")
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To: Kozy

If I only had an Indian connection.

Migraines are nothing but sheer misery.

Lifelong sufferer.


4 posted on 05/19/2018 3:07:07 AM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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To: GonzoII

$575 per month is still ridiculously high.


5 posted on 05/19/2018 3:54:28 AM PDT by ViLaLuz (2 Chronicles 7:14)
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To: ViLaLuz

“$575 per month is still ridiculously high.”

Expect price will be lowered in a couple years. I worked at Amgen for a while in the R & D Department. The overhead is monstrous and it’ll take some time to get those costs covered.


6 posted on 05/19/2018 4:43:32 AM PDT by MayflowerMadam (Have an A-1 day.)
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To: wally_bert

Have you checked out Pantothenic Acid (vitamin B5)? At the very first sign of a migraine coming on, pop 2 or 3 of these. For me, it stops the migraine from developing. I hope that it works for you too.


7 posted on 05/19/2018 4:43:41 AM PDT by ryderann
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To: Kozy
$500 in India? More like 90 pills for $20

It's an injectable drug, likely biologic in nature, meaning it will not be quickly duplicated or sold cheaply in India.

8 posted on 05/19/2018 4:50:02 AM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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To: wally_bert

Some of these might help:

https://migraine.com/living-migraine/which-supplements-work-best-for-migraine-prevention/


9 posted on 05/19/2018 5:19:46 AM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: Lou L

If it is a biologic, the name should end in “...mab...

This sounds like a small molecule.


10 posted on 05/19/2018 6:29:53 AM PDT by GRRRRR (Make America Greater Than Ever Before!)
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To: ryderann; wally_bert

I regularly drink apple cider vinegar, 1oz to 8oz water with sugar enough to make it smoother. Everyday, and I don’t get migraines.


11 posted on 05/19/2018 6:30:04 AM PDT by waterhill (I Shall Remain, in spite of __________.)
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To: wally_bert

A friend of mine has suffered with migraines for years. I told her about Copaiba therapeutic grade essential oil and she’s now having much fewer and far less intense headaches. Make sure that the one you get specifically says that it’s okay to take internally.


12 posted on 05/19/2018 6:36:55 AM PDT by 2nd amendment mama (Self Defense is a Basic Human Right!)
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To: GRRRRR

A “mab” is short for a monoclonal antibody. That’s only one kind of biologic; there are many others. The Novartis drug mentioned is a CGRP. It too, is a large-molecule drug, and not nearly as easily produced in places like India.


13 posted on 05/19/2018 11:46:45 AM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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To: Lou L

Sorry, Amgen, not Novartis.


14 posted on 05/19/2018 11:47:44 AM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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