The FDA approved a treatment for a genetic disease called spinal muscular atrophy that causes infants' muscles to waste away, potentially killing them before age 2. The price tag? $2.125 million for a one-time treatment.
And then came the price tag: $2.125 million for a one-time treatment.The gene therapy, called Zolgensma, will be marketed by AveXis, whose parent company is Novartis. Eli Lilly's lower-priced insulin goes on sale amid drug price debate"Today's approval marks another milestone in the transformational power of gene and cell therapies to treat a wide range of diseases," Dr. Ned Sharpless, the FDA's acting commissioner, said in a statement Friday.
In a CNBC op-ed last week, Novartis CEO Dr. Vas Narasimhan called for a new pricing and payment model for one-time treatments like Zolgensma, versus other treatments with costs that accumulate over time."Health-care systems, however, are accustomed to treating chronic diseases with a pay-as-you-go model, spreading costs over months and years," Narasimhan said.
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