UPDATE: Medicaid Programs Must Cover Biogen's (BIIB) Aduhelm, CMS Says - Cowen

September 23, 2021 9:35 AM EDT
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(Updated - September 23, 2021 9:39 AM EDT)

Biogen (NASDAQ: BIIB) is on watch as Cowen notes that Medicaid is reinforcing to states that Biogen/Eisai’s Aduhelm (aducanumab) for Alzheimer’s disease must be a covered outpatient drug as the manufacturer has a drug rebate agreement with the program.

Cowen Washington Research Group analyst Eric Assaraf notes, "CMS is advising states they must cover Biogen/Eisai’s Aduhelm (aducanumab) under existing participation by Biogen in the Medicaid drug rebate program, but states can develop their own medical necessity criteria as part of their coverage policy."

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