Advertisement
The Body: The Complete HIV/AIDS Resource
Follow Us Follow Us on Facebook Follow Us on Twitter Download Our App
Professionals >> Visit The Body PROThe Body en Espanol
  
  • Email Email
  • Comments Comments
  • Printable Single-Page Print-Friendly
  • Glossary Glossary

U.S. News

Gilead Says It Has Discounted Hepatitis C Drug for Some Health Plans

April 2, 2014

This article was reported by Reuters.

Reuters reported that US lawmakers, health insurers, and state Medicaid programs were pushing Gilead Sciences, Inc., to discount the $1,000 per pill price of the new hepatitis C drug Sovaldi. At list price, a complete 12-week regimen of Sovaldi would cost $84,000 per patient. Although the drug has proven to cut treatment time and improve cure rates with fewer side effects, millions of hepatitis C-infected Americans could not afford Sovaldi's cost.

Gregg Alton, Gilead's executive vice president for corporate and medical affairs, acknowledged that Gilead had agreements with US government health plans to discount the price by 23 percent, with an additional discount for Veterans Administration (VA) and Department of Defense patients. VA patients accounted for approximately 10-15 percent of the 3.2 million hepatitis C-infected people in the United States, and Medicaid patients accounted for another 10-15 percent. Alton stated that Gilead also had an arrangement with Kaiser Permanente, which had acted early to secure the discount for its patients. Because most Kaiser patients stayed with the company for many years, the health maintenance organization's upfront investment in treating hepatitis C patients with Sovaldi would result in lower costs years later. Other insurers could not count on similar client loyalty.

Although the cost of treating every hepatitis C-infected patient in the United States with Sovaldi would be $269 billion, many people are not aware they have the virus. Alton believed a deluge of patients seeking Sovaldi would not materialize. An ISI Group analyst reported that new Sovaldi prescriptions had dropped 5 percent in the last week, and Gilead's stock prices dropped 9 percent in the last week in reaction to pricing concerns. Even if the number of prescriptions for Sovaldi did not increase, Gilead could expect sales of more than $9 billion.

Back to other news for April 2014



  
  • Email Email
  • Comments Comments
  • Printable Single-Page Print-Friendly
  • Glossary Glossary

This article was provided by CDC National Prevention Information Network. It is a part of the publication CDC HIV/Hepatitis/STD/TB Prevention News Update.
 
See Also
Talk to a Physician About HIV/Hepatitis Coinfection in Our "Ask the Experts" Forums
More News on Hepatitis C Treatment
Advertisement:
Find out how a Walgreens specially trained pharmacist can help you

No comments have been made.
 

Add Your Comment:
(Please note: Your name and comment will be public, and may even show up in
Internet search results. Be careful when providing personal information! Before
adding your comment, please read TheBody.com's Comment Policy.)

Your Name:


Your Location:

(ex: San Francisco, CA)

Your Comment:

Characters remaining:

Tools
 

Advertisement