Michel Vounatsos, Biogen CEO (Credit: World Economic Forum/Valeriano Di Domenico)
Biogen slashes Aduhelm price in half, foreshadows significant layoffs as sales continue to stagnate
In a surprise move, Biogen announced Monday that it will cut the price of its controversial Alzheimer’s drug Aduhelm in half, slashing the cost from $56,000 to $28,000.
The sudden discount marks a sudden turnaround for the big biotech as it struggles to turn around a drug whose stuck-in-the-mud sales and political ramifications have sent the company into turmoil and triggered the ousting of its longtime chief scientist. Biogen’s leadership had resisted calls since June to reduce the price of the drug.
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