An influential drug pricing research group has cut its suggested price range for Pfizer Inc's COVID-19 antiviral treatment Paxlovid by more than 80%, partly to reflect the decreased disease burden as the Omicron variant of the coronavirus tends to cause less severe illness.
Dec 20 - An influential drug pricing research group has cut its suggested price range for Pfizer Inc's
The Institute for Clinical and Economic Review said on Tuesday that its new suggested U.S. price based on the benefits and value to patients was in the range of $563 to $906 per treatment course. That compares with its previous assessment of $3,600 to $5,800 per course. Pfizer will need to negotiate prices with private payers like insurers for the two-drug oral treatment when inventory built up by the U.S. government runs out and many COVID care costs revert to the private insurance market.
The drugmaker has not yet suggested what the price will be when it moves to a commercial market. Pfizer expectsthe price of its COVID-19 vaccine after the United States government's current purchase program expires.
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