Makena™ Price Reduction Is Inadequate
Main Category: Pregnancy / ObstetricsAlso Included In: Pharma Industry / Biotech Industry; Regulatory Affairs / Drug Approvals
Article Date: 04 Apr 2011 - 0:00 PDT
Today K-V Pharmaceutical Company announced that it is reducing the cost of its drug Makena™ from $1,500 per dose to $690 per dose, clearly acknowledging the negative impact of their original pricing strategy. Although this may seem like a relatively significant price reduction, unfortunately it remains a woefully inadequate response. This 'lower' price still remains prohibitively high for a safe and effective treatment that is currently available at a much lower price in the form of compounded 17 hydroxyprogesterone caproate (17P).
The American College of Obstetricians and Gynecologists (The College) applauds the US Food and Drug Administration's (FDA) statement that it will not prevent compounding pharmacies from continuing to produce valid prescriptions for 17P, a medication that has been safely used for years to help prevent preterm labor in certain high-risk pregnant women. Although there are clear benefits to having an FDA-approved version of 17P, there is no evidence that Makena™ is more effective or safer than the currently used compounded version. In fact, the evidence used to obtain FDA approval for Makena™ relied primarily on data obtained using the compounded product.
The College, along with the Society for Maternal-Fetal Medicine, American Academy of Pediatrics, American College of Osteopathic Obstetricians & Gynecologists, National Medical Association, American Academy of Family Physicians, American College of Nurse-Midwives, and the Association of Women's Health and Obstetric and Neonatal Nurses, will continue to collaborate to ensure that this medication is accessible and affordable to every pregnant woman who needs it. The US health care system simply cannot be expected to absorb the cost of Makena™ at its current prohibitive price without significant negative repercussions.
Source:
American College of Obstetricians and Gynecologists
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MLA
23 Feb. 2012. <http://www.medicalnewstoday.com/releases/221109.php>
APA
http://www.medicalnewstoday.com/releases/221109.php.
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Visitor Opinions In Chronological Order (2)
KV - Makena - LET THEM COMPETE!
posted by Timothy on 4 Apr 2011 at 3:37 pmI am an OBG doctor. I plan to continue to use the tried-and-true fairly-priced compounded medication. If KV Pharnmaceuticals can make it cheaper in their factory than the pharmacists doing it "by hand" as it were, then they ought to be able corner the market by charging LESS. THAT'S how capitalism is supposed to work, not by making a more expensive product and suing all of your competitors out of business as KV Pharmaceuticals would like to do. THAT's how everything else works - look at cellphones, which are better and *cheaper* tnan the first portable phones that came out decades ago. KV's Makena simply does not contribute anything positive for its enormous cost and, indeed, prices too many patients out of the market altogether.
Dr Mr OBG
posted by John on 7 Apr 2011 at 5:06 pmAnd you are ok charging egregious prices for your services and driving home in a BMW? This is yet another knee jerk response from an uninformed MD with zero business sense.
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