The US Biden-Harris Administration yesterday announced that two drug manufacturers with Food and Drug Administration (FDA)-approved gene therapies for sickle cell disease have entered into agreements with the Centers for Medicare & Medicaid Services (CMS) to participate in the Cell and Gene Therapy Access Model.
The voluntary model, led by the Center for Medicare and Medicaid Innovation, will test outcomes-based agreements for cell and gene therapies, with the aim to improve health outcomes, increase access to cell and gene therapies, and lower health care costs. These outcomes-based agreements will tie payments to whether the therapy improves health outcomes for people with Medicaid who receive these drugs.
The FDA approved Lyfgenia (lovotibeglogene autotemcel) from bluebird bio (Nasdaq: BLUE) and Casgevy (exagamglogene autotemcel) from Vertex Pharmaceuticals (Nasdaq: VRTX) in December 2023. The CMS negotiated outcomes-based agreements with both manufacturers on behalf of states and will provide states that choose to participate in the model with the technical assistance and data infrastructure to implement these agreements.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze