How Governments Around the World Should Respond to the Mounting Costs of Gene and Cell Therapy?

by GeneOnline
Share To
With the advancement of science, gene and cell therapies have revolutionized the treatment of cancer and rare diseases. However, are governments adequately prepared to respond to the mounting cost of drugs, or can payers and pharmaceutical companies work out an agreement for reasonable price?
As major pharmaceutical companies are investing more in new and novel medical technologies, the concept of precision medicine is becoming increasingly popular. At the same time, gene and cell therapies are becoming ever more costly due to their complex and capital-intensive manufacturing processes and consequent difficulties in reducing costs.
Take Gilead's Hepatitis C drug Sovaldi and its successor Harvani for example, their prices forced the FDA to hold congressional hearings, reviews and discussions on whether the US health insurance can continue to afford such high prices for drugs. With the development of gene and cell therapy, it is likely that the same scrutiny will be imposed again if the prices stay high. Therefore, it is hoped that the major pharmaceutical companies will consider the feasibility of affordability for the public or the government when setting prices of new gene and cell therapies in order to avoid the same issue, otherwise they may face a difficult barrier to break through when promoting their drugs in the future.

GO Prime with only $1.49 now

GHG Emissions as a ESG Metric
NSTC Joins Forces with Taiwan Biomedical Start-ups to Rise to the World Stage, Showcasing Innovations at US BIO’s Demo Day
Krystal Biotech’s First Topical Gene Therapy Approved by FDA
The Emergence of General AI for Medicine: Medical Applications of ChatGPT
Strengthening Genetic Screening Platform in APAC for Lung Cancer Precision Medicine: An Interview with Dr. Koichi Goto
2023 International Healthcare Week: Showcasing Emerging Competencies of Hong Kong’s Biomedical Industry
BIO 2023 Coming to Boston, with Over 60 Taiwanese Organizations to Share their Achievements
Scroll to Top