Morning Briefing
Summaries of health policy coverage from major news organizations
Advocacy Group Urges Biden To Fire FDA Officials Over Alzheimer's Drug
Reacting to the controversial approval of the Biogen (BIIB) Alzheimer鈥檚 drug, a leading advocacy group is urging the Biden administration to request resignations from or remove three top Food and Drug Administration officials, including acting agency commissioner Janet Woodcock. The approval 鈥渟howed a stunning disregard for science, eviscerated the agency鈥檚 standards for approving new drugs, and ranks as one of the most irresponsible and egregious decisions in the history of the agency,鈥 Public Citizen wrote in a June 16 letter to Department of Health and Human Services Secretary Xavier Becerra. (Silverman, 6/16)
Biogen鈥檚 Aduhelm may have stirred up controversy after its landmark FDA approval, but some Alzheimer鈥檚 disease doctors are tabling the many unanswered questions as they appear ready to prescribe the drug. Doctors have shown strong interest in prescribing Aduhelm for about 35% of early-stage Alzheimer鈥檚 patients with mild cognitive impairment, Jefferies analysts found after surveying 50 U.S. neurologists or psychiatrists who currently treat about 12,000 Alzheimer鈥檚 patients. (Liu, 6/15)
Harry Johns is ready to stop talking about whether or not the Food and Drug Administration should have approved Aduhelm, the divisive new Alzheimer鈥檚 treatment that got the green light last week. 鈥淒welling on the approval at this point is not productive for those who can benefit from the treatment,鈥 said Johns, the CEO of the Alzheimer鈥檚 Association. The 鈥渘egative voices鈥 focused on criticizing the decision, he said, are 鈥渘ot pro-patient.鈥 (Joseph, 6/16)
The price tag of $56,000 per year for Biogen鈥檚 new Alzheimer鈥檚 treatment could come with a bitter pill for some Medicare beneficiaries: out-of-pocket costs of up to $11,500. That financial hit is troubling to consumer advocates, because it raises the prospect of an even more divided health system: Many seniors will be unable to afford this drug. 鈥淭he current price would make the drug out of reach for many that could potentially benefit. This would also further deepen the issues of inequity in healthcare that already exist,鈥 said Kristina Fransel, executive director, Alzheimer鈥檚 Association Delaware Valley Chapter. (Brubaker, 6/16)
The FDA鈥檚 approval of an expensive new Alzheimer鈥檚 therapy would seem like the perfect candidate for inflaming Washington鈥檚 long-running debate over sky-high prescription drug prices. The drug was broadly approved for Alzheimer鈥檚 patients, despite scant evidence that it works and over widespread objections from FDA鈥檚 outside advisers. The $56,000 annual price tag, announced after the drug received FDA clearance Monday, was far higher than many Wall Street analysts had expected. And the drug is likely to drive up health insurance costs for 56 million older adults on Medicare while also socking taxpayers. (Luthi and Roubein, 6/12)
Wall Street is rightfully celebrating the first approval of an Alzheimer鈥檚 disease treatment in nearly two decades. A familiar threat is likely to re-emerge, but investors won鈥檛 likely be caught off guard. Dust-up or not, stock prices are moving higher. Biogen shares rocketed 38% higher that day, and the rest of the sector has come along for the ride. Eli Lilly, which has a similar Alzheimer鈥檚 drug under development, rallied 10% on Monday. The Nasdaq Biotechnology Index rose 6% for the week. (Grant, 6/13)