Biogen Inc. (NASDAQ: BIIB) Alzheimer’s drug aducanumab or “Aduhelm” was approved by the Food and Drug Administration (FDA) this morning. Aduhelm is the first drug cleared by the FDA to help fight Alzheimer’s in almost 20 years. The Company’s stock price jumped from USD 286.43 to USD 468.55.
The drug is expected to generate billions of dollars in revenue for Biogen as there are more than 6 million Americans currently living with Alzheimer’s. Additionally, that number is expected to climb to approximately 13 million Americans by 2050.
The Company will list the drug for USD 56,000 per year or roughly USD 4,312 per infusion.
“This is the first FDA-approved drug that delays decline due to Alzheimer's disease. This means individuals may have more time to actively participate in daily life, have sustained independence and hold on to memories longer. We can experience longer — the relationships we hold most dear — our families and friends,” said Harry Johns, the Alzheimer’s Association President and Chief Executive Officer.”
Aduhelm is the first drug designed to slow the mental deterioration of Alzheimer’s, whereas previously approved drugs were designed to fight the symptoms of Alzheimer’s.
2 Comments
Mobile Application
Oct 02, 2021 at 11 15 amA lot of thanks for all of your effort on this blog. Debby really likes getting into investigations and it's obvious why. I learn all about the compelling manner you give great steps through this website and in addition strongly encourage participation from other people on this idea and our favorite simple princess is now becoming educated a whole lot. Take advantage of the rest of the year. You are conducting a brilliant job. blog
I always use url shortener
It is very helpful.
Mobile Application
Oct 02, 2021 at 10 57 pmA lot of thanks for all your labor on this blog. My mum really likes engaging in internet research and it is easy to see why. A lot of people hear all relating to the dynamic way you give efficient solutions via your blog and in addition foster contribution from some other people on this area of interest while my child is now being taught a great deal. Take pleasure in the remaining portion of the year. Your conducting a stunning job. blog
I always use url shortener
It is very helpful.