Amgen's Repatha is in a market brawl with Sanofi and Regeneron's Praluent as the competitors rush to sew up as many OKs around the world as possible for the new-gen cholesterol fighters following their FDA approval last year within weeks of one another. Now Amgen has pulled ahead in England after the country's drug pricing watchdog has both changed course to cover Repatha for some patients, while dealing its competitors a blow with a rejection for Praluent.
One of the hottest races for market share in pharma these days is between Amgen's cholesterol-fighter Repatha and Praluent, from Sanofi and Regeneron. They're apparently neck and neck with payers, and their script numbers aren't much different either, at least so far.
Sanofi and Regeneron are moving toward FDA approval with what could be their second blockbuster collaboration, preparing to make the case for a new treatment for rheumatoid arthritis.
Biopharma CEOs pull down some hefty pay packages, with Regeneron chief Len Schleifer topping the list last year at $42 million. But as lucrative as that may be, it's not nearly as much as the highest-paid U.S. CEOs overall.
Sanofi and Regeneron's Praluent will be UnitedHealth Group's "preferred" drug for treating superhigh LDL cholesterol. The partners said that UnitedHealth Group will provide preferred access to both doses for the injected Praluent through OptumRx and UnitedHealthcare across a spectrum of commercial, Medicare, and Managed Medicaid patients.
Here's one way to privilege a new drug over its rival without blocking one entirely: Make patients try your favored product first. That's what UnitedHealth's Oxford unit is doing with the two new cholesterol-fighting PCSK9 drugs, Bloomberg reports, citing a policy update.
No question that the marketing people at Sanofi were excited about alirocumab, the next-generation cholesterol drug that won approval earlier this year. Analysts had been talking about multibillion-dollar sales, and recent trial data--not just from Sanofi and its partner Regeneron--built optimism even further.
Regeneron Pharmaceuticals, riding high with a top-selling eye drug and some promising pipeline assets, is planning to invest $150 million in its native New York, supporting 300 new jobs at its fast-growing R&D campus.
Rapidly expanding Eylea-maker Regeneron Thursday announced that it will invest another $150 million to grow its Tarrytown, NY, campus with plans to add another 300 jobs, The Journal News reports.
All the hullabaloo over pharma's drug-pricing practices has taken its toll on several of the industry's stocks. But not Gilead Sciences and Regeneron: While both sank in September on Hillary Clinton's announcement that she'd be cracking down on "price-gouging," they've climbed their way back up.