You will surprise if you know the cost of this medicine used for infants to treat infantile spasms

Acthar Gel is a hormone injection used for infants to treat a rare kind of epilepsy called infantile spasms (Spasm refer to a painful and involuntary muscular contraction) which are of rare occurrence in infants. The disease occurs in babies before one year of age. The drug is priced $34,000 per one vial.

The drug is manufactured by Mallinckrodt Pharmaceuticals based in the United Kingdom. More than a decade ago, Acthar Gel is sold for $40. Later in 2012, Questcor Pharmaceuticals acquired Acthar Gel and raised the price to $28,000. In 2014, Questcor was acquired by Mallinckrodt Pharmaceuticals which has again hiked the price to $34,000 a vial.

Related image

US Federal Trade Commission (FTC) raised a lawsuit against Mallinckrodt Pharmaceuticals for US$100 million, for illegal anti-competitive behavior to ensure its monopoly over a life-saving medication for infants with epilepsy. This week, Mallinckrodt Pharmaceuticals won the case and has again become legal to sell this life-saving medicine for $34,000.

Mallinckrodt Pharmaceuticals says that it is a very tiny market and they sell only 800 medicines a year. The company gained $1 billion revenue in 2015.

Also read: Research finds women with low physical activity are biologically eight years older than their counterparts

No comments:

Powered by Blogger.