New drug price questions loom after Gilead's cancer purchase

Bloomberg

29 August 2017 - Analysts say Kite’s therapy could reach $500,000 for one dose.

Gilead Sciences' acquisition of Kite Pharma has brought it back to a familiar -- and contentious -- dilemma: How much should a drug maker charge for a novel drug that has the potential to cure a disease?

Back in 2013, Gilead was battered by public outrage when it priced its hepatitis C treatment Sovaldi at $84,000, or $1,000 a pill. The drug, which promised to rid patients of the viral disease in three months, also faced pushback from insurers and government plans that were expected to cover most of the cost.

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Michael Wonder

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Michael Wonder

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US , Pricing , Cellular therapy