Merck and Novartis are in a race to produce the first oral multiple sclerosis medication. Both Merck and Novartis will be seeking permission to bring these medications to market this year.
Bloomberg (the financial news agency), covered the story of the multiple sclerosis pill (read the full article here) and estimates that, should the new oral multiple sclerosis medication replaced current injectable medications, that sales could total $1.3 billion a year.
That's a lot of money. What they don't mention is the estimated cost of the oral multiple sclerosis treatment (but one would like to assume it would be less than the cost of injections or infusions, which can add up to almost 30,000 dollars a year in some cases). According to the article, the entire multiple sclerosis market totals $6 billion a year.
Multiple sclerosis is an odd illness from a financial standpoint. Even though there are not that many people who have multiple sclerosis in the world (around 400,000 in the U.S.) profitability for treating multiple sclerosis remains high. This is partly because the market is large enough and partly because of the chronic nature of multiple sclerosis itself. While the chronic, incurable nature of MS is not so wonderful for those of us that have MS, it does keep the pharmaceutical companies interested in developing new treatments.
In my opinion, profitability is not a problem, as long as patient costs are in the "reasonable" range and there are ways that those who can't afford them can have access. If they take the risk (after all only one company, either Merck or Novartis, can bring the first MS pill to the market), then let them have the profits (within reason). For me, I just would like a better treatment and am grateful that MS doesn't join other diseases that have been "abandoned" because of low profit margins.
Bloomberg (the financial news agency), covered the story of the multiple sclerosis pill (read the full article here) and estimates that, should the new oral multiple sclerosis medication replaced current injectable medications, that sales could total $1.3 billion a year.
That's a lot of money. What they don't mention is the estimated cost of the oral multiple sclerosis treatment (but one would like to assume it would be less than the cost of injections or infusions, which can add up to almost 30,000 dollars a year in some cases). According to the article, the entire multiple sclerosis market totals $6 billion a year.
Multiple sclerosis is an odd illness from a financial standpoint. Even though there are not that many people who have multiple sclerosis in the world (around 400,000 in the U.S.) profitability for treating multiple sclerosis remains high. This is partly because the market is large enough and partly because of the chronic nature of multiple sclerosis itself. While the chronic, incurable nature of MS is not so wonderful for those of us that have MS, it does keep the pharmaceutical companies interested in developing new treatments.
In my opinion, profitability is not a problem, as long as patient costs are in the "reasonable" range and there are ways that those who can't afford them can have access. If they take the risk (after all only one company, either Merck or Novartis, can bring the first MS pill to the market), then let them have the profits (within reason). For me, I just would like a better treatment and am grateful that MS doesn't join other diseases that have been "abandoned" because of low profit margins.
We need for development of medications to be profitable. In the case of MS, I’ve wondered if it’s too profitable. Consider how many live, free “seminars” the major suppliers sponsor to deliver what amounts to doctor and patient endorsements. Still, I’m glad we don’t see TV ads for these drugs.
I wouldn’t have any idea about the profits. However if we get a pill it’ll be much easier to handle than the injections. We call it ‘injection night’ in our house and tonight just happens to be that night. I get so nervous as more recently the injections are really hurting me when the solution go out through the needle.
Bring on the pill!
I am elated at the thought of a pill. As button mentioned, shot night is tonight. 50% of the time i am ill from the medication, plus it gets old sticking yourself with a needle every week. Even if the side affects are the same, We would still be ahead with a pill. Counting the days!
It’s about time the pill was created. I have been injecting myself for 10 years. As long as the pill does the job or better then bring it on.
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I should read ms.about.com often
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