Sector Insight
Behind Spinraza's 95% price drop in China: Desperate or Pre-empted? (Part 1)
On November 3rd 2021, the Chinese National Healthcare and Security Administration (NHSA) announced updates on the National Reimbursement Drug List (NRDL). Out of the 85 new drugs being negotiated, 67 made it to the NRDL, with an average price drop of 61.7%. Of note was one drug, Spinraza (molecule name Nusinersen), which saw a 95% price slash from CNY 700,000 (US$108,500) to CNY 33,000 (US$5,180) per dose. Treating spinal muscular atrophy (SMA), Spinraza will be the first reimbursed medicine for this rare disease that affects only one in every 8 thousand new-borns in China.
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Hanzhong Bai
December 13, 2024