At $475,000, new cancer drug raises thorny questions about drug pricing — and value
Pricing for the Novartis drug, which treats an aggressive form of childhood leukemia, has stirred the heated national debate over prescription drug costs.
by Ed Silverman
Sep 04, 2017
3 minutes
A first-of-its-kind cancer treatment is generating unbridled excitement — but also underscoring intense concerns over pricing and value.
The drug, which is known as a CAR-T therapy, is expected to dramatically raise the chance of survival for children who have an aggressive form of leukemia and fail to respond to other treatments.
The $475,000 price tag is much and might disappoint some investors who hoped for a premium on such a complex drug. But it’s still causing anxiety among patients. Mindful of the hit its reputation could take, Novartis is
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