Skip to content
More from
Bloomberg
Politics
relates to Ex-Cop Named Hong Kong’s No. 2 as China Prioritizes Security
relates to Japan Sees China-Taiwan Friction as Threat to Its Security relates to Sydney Residents in Lockdown: Biden Says Get Shots: Virus Update relates to Pence Defends Accepting Votes for Biden Despite Trump Demand relates to Subdued Scaramucci Testifies of Pressure to Land Banker Top Job relates to Over 600 Bodies Found At Indigenous School in Canada relates to Progressives Aim to Hold Biden, Pelosi to Promise on Bigger Bill relates to U.K. Has No Idea If Millions of Rapid Covid Tests Are Being Used relates to Biden Warns of Deadly Variant as He Urges Americans to Get Shots relates to Biden, Senators Get $579 Billion Bipartisan Infrastructure Deal relates to Ex-Cop Named Hong Kong’s No. 2 as China Prioritizes Security
relates to Japan Sees China-Taiwan Friction as Threat to Its Security relates to Sydney Residents in Lockdown: Biden Says Get Shots: Virus Update relates to Pence Defends Accepting Votes for Biden Despite Trump Demand relates to Subdued Scaramucci Testifies of Pressure to Land Banker Top Job relates to Over 600 Bodies Found At Indigenous School in Canada relates to Progressives Aim to Hold Biden, Pelosi to Promise on Bigger Bill relates to U.K. Has No Idea If Millions of Rapid Covid Tests Are Being Used relates to Biden Warns of Deadly Variant as He Urges Americans to Get Shots relates to Biden, Senators Get $579 Billion Bipartisan Infrastructure Deal relates to Ex-Cop Named Hong Kong’s No. 2 as China Prioritizes Security
relates to Japan Sees China-Taiwan Friction as Threat to Its Security relates to Sydney Residents in Lockdown: Biden Says Get Shots: Virus Update relates to Pence Defends Accepting Votes for Biden Despite Trump Demand relates to Subdued Scaramucci Testifies of Pressure to Land Banker Top Job relates to Over 600 Bodies Found At Indigenous School in Canada relates to Progressives Aim to Hold Biden, Pelosi to Promise on Bigger Bill relates to U.K. Has No Idea If Millions of Rapid Covid Tests Are Being Used relates to Biden Warns of Deadly Variant as He Urges Americans to Get Shots relates to Biden, Senators Get $579 Billion Bipartisan Infrastructure Deal
Politics

Biogen Faces Democrats’ Ire Over Price Tag for Alzheimer’s Drug

Biogen CEO Sees New Chapter in Fight Against Alzheimer's

The cost of Biogen Inc.’s new Alzheimer’s drug is drawing criticism from Democratic lawmakers just a day after its approval by U.S. regulators.

The $56,000-a-year price tag for Biogen’s Aduhelm “will likely cost Medicare billions of dollars,” said Carolyn Maloney, chair of the House Oversight Committee, in an emailed statement. Ron Wyden, chair of the Senate Finance Committee, tweeted on Tuesday that it’s “unconscionable” to charge so much for a drug that hasn’t been proven to work.

Aduhelm was granted accelerated approval based on data suggesting a clinical benefit, and Biogen will need to conduct further research to confirm that. That could take years, adding to concerns about what effect the medicine will have on health-care spending in the meantime.

Representative Ro Khanna, a California Democrat, said Aduhelm’s price tag “is further evidence that our drug-pricing system is broken.” He, Maloney and Wyden all support granting Medicare the ability to negotiate prescription drug prices.

Read more: Democrats’ Drug Bill in Jeopardy as Centrists Plot Alternatives