© Reuters. FILE PHOTO: An indication marks a Biogen facility, a few of whose workers have examined constructive for the coronavirus after attending a gathering in Boston, in Cambridge, Massachusetts, U.S., March 9, 2020. REUTERS/Brian Snyder/File Photograph
(Reuters) -Biogen Inc mentioned on Tuesday it expects to start delivery its newly accredited Alzheimer’s drug Aduhelm in about two weeks and has ready greater than 900 healthcare facilities for the intravenous infusion therapy.
The U.S. Meals and Drug Administration on Monday accredited Aduhelm as the primary therapy to focus on a possible underlying explanation for Alzheimer’s illness, sticky deposits of a protein known as amyloid-beta.
Biogen (NASDAQ:) Chief Government Officer Michel Vounatsos mentioned on a name with analysts that the websites embody scientific trial facilities with at the moment confirmed amyloid-beta constructive sufferers, in addition to different areas with infrastructure to diagnose and deal with sufferers.
The corporate priced the drug at $56,000 per 12 months and sufferers who’re prescribed it have to endure further testing within the type of both a Cerebrospinal Fluid (CSF) take a look at, or a PET scan to verify the presence of amyloid-beta within the mind.
Biogen CFO Michael McDonnell mentioned on the decision there are about one to 2 million Individuals who’ve been identified with delicate dementia or cognitive impairment, who can be amyloid-beta constructive if examined.
The necessity for PET or CSF checks and the restricted availability of specialists to supervise sufferers taking the drug might restrict Aduhelm’s use in these sufferers, McDonnell mentioned.
“We imagine nearly all of identified sufferers usually are not at the moment beneath the care of a specialist, and in consequence we anticipate gradual uptake over time,” he added.
Income from Aduhelm might begin ramping up in 2022 and past, however could possibly be low in 2021 as a result of want for websites to arrange to diagnose and deal with sufferers, and the time that it’ll take to safe insurance coverage protection for the drug, McDonnell mentioned.
Guggenheim analysts on Monday estimated gross sales from the drug could possibly be over $1.3 billion in 2022. Biogen shares have been down about 3% at $384.87.
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