How much does Acthar cost per vial?
A CNN investigation cited a doctor who noted the costs are now more than $23,000 a vial, up from the $1,500 a vial when the medicine was first introduced to the market. Does insurance cover Acthar Gel? According to GoodRx.com’s research, the results are mixed, with only 35 percent of Medicare Part D and Medicare Advantage plans covering the drug.
How much of Mallinckrodt’s Acthar sales go through Medicare?
Rep. Harley Rouda (D-Calif.) pointed out that about 25% of Acthar sales went through Medicare when Mallinckrodt bought Questcor, and that share is over 60% now. Revenue from Medicare rose from under $50 million in 2011 to $725 million in 2018.
Is Acthar a cash cow or a growth asset?
Indeed, Acthar was so important to the goal that executives preparing a presentation on the company’s 2018 prospects bluntly wrote: “Acthar Modernization Strategy defines the Future of the Brand as either a Growth Asset or Cash Cow.” Trudeau told the committee that presentation was never made.
How did Mallinckrodt get Acthar?
The firm, Mallinckrodt Pharmaceuticals, got ahold of the venerable drug called H.P. Acthar gel by buying the company that owned it before, Questcor, for $5.8 billion in 2014.
What is Acthar gel?
Acthar Gel (corticotropin) is a member of the corticotropin drug class and is commonly used for Allergies, Ankylosing Spondylitis, Chorioditis, and others. This H.P. Acthar Gel price guide is based on using the Drugs.com discount card which is accepted at most U.S. pharmacies.
How many times has the price of Acthar been jacked up?
In less than 15 years, its price has been jacked up more than 1,000 times, even as questions about whether it is very effective have also mounted. Acthar, a hormone-based drug derived from pig pituitary glands, was developed in the 1950s by a division of Armour & Company.