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Britain's cost watchdog backs Novartis' MS med Extavia for use by NHS

Published 12/20/2017, 07:31 AM
© Reuters.  Britain's cost watchdog backs Novartis' MS med Extavia for use by NHS
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  • Britain's service quality and cost advisor, the National Institute for Health and Care Excellence (NICE), approves National Health Service funding for Novartis' (NYSE:NVS) Extavia (interferon beta-1b) for the treatment of relapsing-remitting multiple sclerosis or secondary progressive multiple sclerosis with continue relapses.
  • NICE did not approve funding for MS drugs glatiramer acetate or other beta interferons (Biogen's Avonex and Plegridy, Bayer (DE:BAYGN)'s Betaferon, Merck (NYSE:MRK) KGaA/EMD Serono's Rebif) because none were cost effective.
  • Related tickers: (NASDAQ:BIIB)(OTCPK:BAYRY)(OTCPK:MKGAF)(OTCPK:MKGAY)
  • Now read: Biotech Forum Daily Digest: Spotlighting A Potential 'Razor & Razor Blade' Story


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