BioMarin gets its shot at another blockbuster as FDA OKs rare disease drug pegvaliase
BioMarin $BMRN has picked up their latest OK for their rare disease drug portfolio, with the FDA coming through with an approval on pegvaliase, which company execs have pegged as a blockbuster in the making.
In a call with analysts Thursday evening, BioMarin execs noted that they will price the drug at $488 wholesale a unit, with patients needing 1 to 2 units a day. The math sets the average price for 1.5 units at $267,180 as year, with prices ranging up to $356,240, underscoring their commitment to earning more than $1 billion a year from the therapy. The average net including mandatory government pricing, say company reps, should reduce that average to about $192,000.
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