Negative NICE view on Venclyxto
There was disappointing news today for US biopharma company AbbVie (NYSE: ABBV), when the UK cost-effectiveness body said it does not recommend its leukemia drug for National Health Service use, and sending its share price down 1.96% to $80.13 by late morning.
Draft guidance issued today by the National Institute for Health and Care Excellence (NICE) does not recommending Venclyxto (venetoclax) plus rituximab for the treatment of relapsed or refractory (R/R) chronic lymphocytic leukemia (CLL) in adults.
Venclyxto, which costs £4,789 ($6,183) for 28 days’ supply at full price, did not qualify for extra leniency from the NICE where a medicine extends the life expectancy in patients with a few months left to live. Despite a commercially confidential discount, the NICE said the drug was not cost effective, although the manufacturer has until mid-November to submit further evidence.
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
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
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
More on this story...
Today's issue
Company Spotlight
More Features in Pharmaceutical
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze