Sanders Probing New Firdapse $375,000 Annual Price

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Sen. Bernie Sanders (I-VT) is asking Catalyst Pharmaceuticals to explain how it set an annual list price of $375,000 for Firdapse, a drug used to treat Lambert-Eaton myasthenic syndrome, a rare neuromuscular disease. Sanders says that for two decades patients received an unapproved version of the same drug (3,4-diaminopyridine) for free from Jacobus Pharmaceuticals under the FDA compassionate use program. Catalyst recently licensed the rights to the drug and received an FDA orphan drug designation giving it marketing exclusivity for seven years. In 12/2018 it announced the list price.

In a statement, Sanders says that patients across the country “are frightened as to whether or not they will be able to maintain access to a drug they depend upon to survive.”

Sanders’ letter to Catalyst says the company did not invent the drug’s active ingredient and knew that its clinical effectiveness had been established over decades in the U.S. and Europe. He said the pricing decision “is not only a blatant fleecing of American taxpayers, but is also an immoral exploitation of patients who need this medication, Simply put, it is corporate greed. The cost of the formulation ranges from estimates of $1,600 to $6,000 per year. I am profoundly concerned that Catalyst’s actions will cause patients to suffer and die.”

Sanders asks the company for detailed documents and information covering the period from 1/1/2012 to the present on its acquisition of the rights to the drug and its pricing determination. He also asks for information relating to the company’s statement that many patients will pay $10 per month for Firdapse and for the information the company has on how insurers will handle the drug.

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