Biogen’s new Alzheimer’s drug could cost Medicare billions of dollars a year, report fin …

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Sumary of Biogen’s new Alzheimer’s drug could cost Medicare billions of dollars a year, report finds:

  • The biotech company said it is charging $56,000 for an annual course of the new treatment, higher than the $10,000 to $25,000 price some Wall Street analysts were expecting..
  • KFF said Aduhelm will be covered under Medicare Part B, which generally covers FDA-approved physician-administered medications..
  • “If 1 million Medicare beneficiaries receive Aduhelm, which may even be on the low end of Biogen’s expectations, spending on Aduhelm alone would exceed $57 billion dollars in a single year — far surpassing spending on all other Part B-covered drugs combined,”.
  • On a call with investors Tuesday morning, Evercore ISI analyst Umer Raffat congratulated the Massachusetts-based company on the drug’s U.S….

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