After price hike protests, Valeant goes to the other extreme

21 April 2017

Valeant Pharmaceuticals (TSX: VRX) says it will price its injectable biologic Siliq (brodalumab) at the bottom end of the market.

The Canadian firm, which has suffered from a slew of negative media stories related to its pricing practices, says the psoriasis treatment will be available for $3,500 per month.

The price was approved by the company’s Patient Access and Pricing Committee (PAPC), a body set up by the company in an attempt to dispel criticism over price gouging.

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