Biogen’s new potential treatment for Alzheimer’s disease could be the biggest drug ever and cause an earthquake in the drug market. The company added $ 17 billion to its market value this week when the Food and Drug Administration hinted in published documents that regulators are convinced the drug works.
The best indication came this morning (Friday) when the FDA Advisory Committee decided to recommend a drug approval and thus actually gave the green light that could raise Biogen more, but may be much more worthwhile to the drug industry in general.
It’s easy to imagine the company led by Michelle Venatus reaping huge revenues – Alzheimer’s is particularly common and destructive, with no effective treatments to date. Market analyzes have shown that a third of the 2.2 million Americans with mild dementia will be able to receive the new drug within three years. Assuming a price of $ 50,000 a year, this is an annual revenue of $ 40 billion. However, in the opinion of banks global use worldwide will probably be lower.
Biogen’s market capitalization before the news on Wednesday was $ 38 billion, but the stock jumped more than 40 percent. Biogen’s new treatment. The company conducted two essentially large studies that were essentially the same, with one showing apparent efficacy and the other failing. Usually, this is not enough. Furthermore, other similar potential drugs have a history of bombing in clinical trials.
However, the FDA seems to think that Biogen’s successful study was convincing. Shareholders in companies like Biogen were happy. But selling expensive new drugs with marginal benefits at best will not help many patients – or curb spending in the US.
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