Japan cuts Opdivo price by 50%
The Japanese government has slashed the price of the multi-indication cancer drug Opdivo (nivolumab) by half.
US pharma major Bristol-Myers Squibb (NYSE: BMS) and Japanese drugmaker Ono Pharmaceuticals' (TYO: 4528)’s programed death-1 (PD-1) immune checkpoint inhibitor is approved in Japan for treating advanced melanoma, non-small cell lung cancer and kidney cancer.
Its cost in the Asian country was due to be reviewed in 2018 but the high price tag led the government to take special action and officials initially moved towards a 25% cut.
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