Nose-curling, sky-high drug prices are drawing everyone’s ire, and while a lot of that fury is being directed at recently-launched hepatitis C drugs, a new target could soon emerge in the form of a new class of cholesterol busting medicines that includes Regeneron (NASDAQ:REGN) and Sanofi SA’s (NYSE:SNY) recently-approved Praluent.
The FDA gave Regeneron and Sanofi a green light to begin selling Praluent last week, and the two companies wasted little time before announcing that their new drug will cost a jaw-dropping $14,600 per year.
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