US price of Praluent slashed by 60%
Joining in what looks set to be a price war for biotech drugs called PCSK9 inhibitors for the treatment of bad cholesterol, USA-based Regeneron Pharmaceuticals (Nasdaq: REGN) and partner French pharma major Sanofi (Euronext SAN) today announced a further reductions of their partnered product.
Praluent (alirocumab) will be made available at a new reduced US list price of $5,850 annually, a 60% reduction from the original price, for both the 75mg and 150mg doses, beginning in early March.
This follows on the news that rival PCSK9 inhibitor Repatha (evolocumab) from Amgen (Nasdaq: AMGN) has its price cut by 60% last October.
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