Roche, Bristol-Myers cut cancer drug prices to win UK approval
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
A trader passes by a screen displaying the tickers symbols for Bristol-Myers Squibb and Intelsat, Ltd. on the floor at the New York Stock Exchange, April 25, 2013. REUTERS/Brendan McDermid
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
LONDON (Reuters) - Roche and Bristol-Myers Squibb on Thursday became the latest drugmakers to cut the price of cancer medicines in order to secure access to Britain's National Health Service.
The National Institute for Health and Care Excellence (NICE) cost watchdog, which had rejected Roche's breast cancer treatment Perjeta in May, said a price discount now offered by the Swiss firm had helped win it a green light.
Bristol's leukemia drug Sprycel was also recommended for routine use after the U.S. company offered a bigger discount. Sprycel was previously covered by the Cancer Drugs Fund (CDF), which was overhauled earlier this year.
Out of nine CDF treatments that NICE has looked at so far, seven have been cleared for general use. The remainder are in the process of being reappraised.
"Sensible pricing and in some cases better data is helping to secure access to important cancer medicines as they move out of the old Cancer Drugs Fund," said NICE Chief Executive Andrew Dillon.
Other international drugmakers including Novartis and Pfizer have also offered increased discounts in recent months. The exact size of all these discounts is commercially confidential.
Roche's Perjeta is designed for use in combination with chemotherapy and Herceptin before breast cancer surgery, while Sprycel is used in certain types of chronic myeloid leukemia.
(Reporting by Ben Hirschler; Editing by Alexandra Hudson)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Turkey orders more than 400 arrests in post-coup probes: report
- Blast kills at least 21 in Pakistan vegetable market, says official
- Merkel vows to find compromise with U.S. on trade, military spending
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!