Valeant prices psoriasis treatment at $3,500 per month (April 21)
(In April 21 story, corrects paragraph 5 to say Taltz's list price is $4,469 per month. Removes reference of pricing from analyst)
(Reuters) - Canadian drugmaker Valeant Pharmaceuticals International Inc said it had priced its recently approved plaque psoriasis treatment at $3,500 per month, ahead of an expected U.S. launch in the second half of 2017.
Siliq is the lowest priced injectable biologic psoriasis treatment currently on the market, Valeant said on Friday.
The treatment, which blocks a cell receptor known as interleukin-17 to tamp down inflammation, will compete with a host of existing IL-17 inhibitors including Cosentyx from Novartis AG and Taltz from Eli Lilly & Co.
Looks like Valeant has sought to price this reasonably relative to Taltz and Cosentyx, Stifel analyst Annabel Samimy told Reuters.
Taltz's list price is $4,469 per month.
"But this is only list price – it's neither here nor there unless you know the rebates provided to payers. But optically, looks like Siliq is the better value based on the price and relative efficacy," Samimy said.
Siliq will also compete with other classes of drugs used to treat psoriasis such as Amgen Inc's Enbrel, Johnson & Johnson's Remicade and AbbVie Inc's Humira.
Valeant is trying to regain investor confidence following a tumultuous year in which its pricing strategy and ties to a specialty pharmacy led to a wider political and regulatory scrutiny. Continued...