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You are here: Home / Health / New Hep C drug Sovaldi comes with $1000 price tag

New Hep C drug Sovaldi comes with $1000 price tag

March 26, 2014 Posted by Contributor

Now you have to pay $1000 to buy one tablet of a new Hepatitis C drug named Sovaldi.

According to the manufacturer Gilead Sciences, it has put the price tag of its new Hepatitis C drug $1000, which means the number of pills required for a full course of treatment will set you back $84,000.

Gilead Sciences boasts that its new drug Sovaldi is going to defeat the Hep C as clinical trial shows success rates of over 90 percent with less side-effects.

Three Democratic lawmakers on the House Energy & Commerce Committee, Reps. Henry Waxman of California, Frank Pollone of New Jersey, and Diana DeGette of Colorado have sent a letter to Gilead Sciences asking for an explanation over the price tag.

hepatitis-c-price

According to the lawmakers, even if the drug has high success rates, it will not cater the mass due to its eye-popping price tag. This high is surely going to hit the low and middle income group, they added.

Christopher Raymond, a R.W. Baird biotech analyst, says, “It makes an easy target, certainly for politicians or for folks, but I think the more important constituency here are our payers.’

According to Raymond, most biotech companies don’t have to deal with such issues anywhere else as they have a different health care system in place.

Citing example of Europe, he says they make great use of the single-payer systems. The system allows the government to take care of any health-care related costs, he says.

The company has proposed a multi-tiered pricing system for its new drug. The pricing system will be based on the per capita gross income of the country in which it’s sold.

For example, a course of Sovaldi will cost $66,000 in Germany while the United Kingdom will have to pay $57,000 for the drug.

Egypt, which has the world’s highest rates of Hep-C infection, will have the drugs at the lowest rate-i.e. just $900.

A World Health Organization (WHO) reports shows, an estimated 150 million people chronically suffer from Hep C worldwide. About three million Americans are infected with the disease.

 

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Filed Under: Health Tagged With: Hep C drug, Hepatitis C drug, Sovaldi

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