Is Amgen still shooting blanks in its war with payers over Repatha reimbursement?
With only $40 million in anemic Q3 Repatha sales, Amgen $AMGN has been quietly seething over the slight market traction it’s seeing for a cholesterol drug that promised to help rewrite prescribing habits in the field. But payers have been loathe to cover the pioneering PCSK9 drug — as well as a rival from Regeneron/Sanofi.
Now, they’re hoping that evidence of its impact on an important biomarker for cardiovascular disease will persuade payers to start tearing down the walls they built to keep patients away from the drug. But once the data gets a thorough review, Amgen and its rivals may find themselves still far from the promised land of blockbuster sales.
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