$158,000 price tag for new ALS drug reignites anger at Big Pharma
President Biden has pushed to artificially limit the costs of prescriptive drugs
{{#rendered}} {{/rendered}}A new ALS drug treatment is reawakening frustration with Big Pharma after its drugmaker priced it at $158,000 annually, leading to exorbitant insurance processes to access it.
Relyvrio, a drug produced by Amylyx Pharmaceutical, has been found to slow the progress of Amyotrophic Lateral Sclerosis, a disease that typically proves fatal within five years. ALS patients suffer a gradual loss of control over their movement, losing the ability to walk and even talk as the disease progresses.
As a result, getting on a drug that slows progression quickly is vital to many patients, but the high price tag set by Amylyx causes insurance companies to lock the drug behind a lengthy application process, and the drug is sometimes cost-prohibitive for patients even with coverage, according to the Associated Press.
{{#rendered}} {{/rendered}}"When someone’s lifespan is measured in months, making people go through these multiple rounds of review is just cruel," said Neil Thakur, the chief mission officer at the ALS Association.
A Doctor talks with a patient during a check-up. (iStock)
Amylyx developed Relyvrio--its first ever product--by combining a liver treatment drug with a supplement used in traditional Chinese medicine, two ingredients that are relatively inexpensive.
{{#rendered}} {{/rendered}}Nevertheless, pharmaceutical companies argue the sky-high price of drugs comes as a result of the lengthy approval process imposed by the FDA. Amylyx expects to make a profit of $450 million from Relyvrio, according to the AP.
Big pharma remains one of the least popular industries in the U.S., with companies routinely releasing drugs at exorbitant prices.
{{#rendered}} {{/rendered}}President Biden's administration has sought to unilaterally lower drug costs through government regulation, but Republicans on Capitol Hill have argued such a move would stifle the industry.
President Joe Biden holds a press conference. (Fox News )
Senate Minority Leader Mitch McConnell, R-Ky., speaks to reporters after a Republican strategy meeting at the Capitol in Washington, Tuesday, March 8, 2022. ((AP Photo/J. Scott Applewhite))
"The American people know that government can’t magically make things cost less by passing laws saying things should cost less," Senate Minority Leader Mitch McConnell when discussing legislation in July. "The invoice will be delivered to the American people who are living with actual health challenges."
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{{#rendered}} {{/rendered}}"The price of bigger government will be fewer lifesaving cures, less innovation in the future," he added.
The Associated Press contributed to this report.