Hide

Gene therapy for blindness will cost $850,000

A new gene therapy to treat progressive blindness will cost $850,000, the company that makes it said Wednesday. But the company has laid groundwork for innovative ways to pay for the drug though deals with an insurance company, a pharmacy benefit manager and negotiating with the federal government. The company hopes its $425,000-per-eye treatment may eventually lead to new ways to pay for extremely expensive new therapies. Luxturna was just approved by the Food and Drug Administration last month after a dramatic hearing where teenagers spoke of seeing the stars in the night sky for the first time in years and at which eye doctors with no links to the company or the drug p ...