Briefly noted: Can We Afford (Multi) Million Dollar New Therapies?

New Gene Therapy: NPR: Zolgensma From Novartis -Most Expensive Medication Ever Approved

An excerpt:

The federal Food and Drug Administration has approved a gene therapy for a rare childhood disorder that is now the most expensive drug on the market. It costs $2.125 million per patient….

Zolgensma’s price tag, he says, is just the most extreme example of how drug prices are draining resources from society. The first gene therapy for an inherited disease was approved in 2017 for a genetic form of blindness. It is also very expensive — $425,000 for each eye.