Eisai Expects FDA to Approve Alzheimer’s Drug Soon

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Eisai CEO Ivan Cheung says the company expects FDA to fully approve its Alzheimer’s drug Leqembi (lecanemab) this summer. In a 2/16 interview with CNBC, Cheung said approval could come as soon as July if the agency gives Leqembi priority review for demonstrating a significant improvement in how early Alzheimer’s is treated.

Cheung said Eisai is in “urgent” talks with the Centers for Medicare and Medicaid Services on its coverage for Leqembi, which the company is pricing at $26,500 a year.

CNBC reports that Medicare published a 4/2022 guidance limiting coverage for Alzheimer’s drugs like Leqembi that use antibody treatment to target the plaque that is thought to cause the disease. Under Eisai’s current accelerated approval status, it says, Medicare would only cover the costs of people in clinical trials approved by FDA or the National Institutes of Health.

Cheung said the $26,500 annual cost should come down over time. He said the treatment is currently administered twice a month but Eisai is planning to file by the end of the next fiscal year for a once-monthly maintenance dose after the first 18 months of regular treatment.

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