In 4Q15, Sanofi earned $7 million from Praluent. The drug received approval in the US in July 2015 and earned $11 million in fiscal 2015. Regeneron Pharmaceuticals (REGN) co-markets the drug with Sanofi-Aventis, and Sanofi records the product sales for the drug and shares the profits or losses from commercialization with Regeneron.
Praluent versus Repatha: a battle for market share
Amgen’s (AMGN) Repatha, a proprotein convertase subtilisin kexin type 9 inhibitor, and Praluent are the same class of drugs that are indicated for lowering high levels of low-density lipoprotein. Without much difference in the price—Repatha costs $14,100 and Praluent $14,600 per year—the battle for their market share is on.
UnitedHealth group added Praluent for preferred access across its formularies, whereas CVS Health Corporation (CVS) choose Repatha for preferred access under its Caremark commercial formularies. Thus, there is head-to-head competition between these two drugs.
The latest from Praluent
National Institute for Health and Care Excellence decides which drugs should be covered by National Health Service in the United Kingdom, and Repatha received approval in the Europe in July 2015 after Praluent was approved in the US in September 2015.
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