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Industry Focus

Healthcare: Is Zolgensma's $2.1 Million Price Tag Ridiculous?

Industry Focus

The Motley Fool

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4.6854 Ratings

🗓️ 29 May 2019

⏱️ 23 minutes

🧾️ Download transcript

Summary

Here's why paying $2 million for Novartis' revolutionary gene therapy for SMA may not be as crazy as it sounds.
Also, why shares slumped after BioMarin reported its gene therapy may virtually eliminate bleeding in hemophilia A patients.

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Transcript

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0:00.0

Welcome to Industry Focus, the show that dives into a different sector of the stock market every single day.

0:07.6

Today is Wednesday, May the 29th, and we're talking health care.

0:11.2

I'm your host Shannon Jones and I am joined via Skype

0:14.0

by health care guru Todd Campbell. Todd how's it going? Oh it's going great and I am just

0:19.7

really really excited to talk about some just incredibly innovative disruptive

0:26.6

new medicines that could become available. I mean this is just I love this topics and I love

0:31.4

doing these shows exactly for this reason.

0:34.0

I am so on point with you Todd in preparing for this show for this week. I always love coming

0:41.0

on week after week but for me when we talk about

0:43.7

innovation when we talk about really pushing the needle and driving better health

0:47.9

outcomes I get super excited so I've been waiting days to talk about this and

0:51.9

for our listeners today's show is really all

0:54.6

about the field of gene therapy. First we're going to be diving into what is

0:59.4

right now the most expensive drug out on the market or soon to come out on the market was

1:04.4

approved last week and we're also going to be talking about bio morin's updates

1:09.2

on their potential game changer hemophilia. So we're going to be diving into all of that, but let's kick things off with Novartis.

1:18.0

There's been a lot of buzz here, Todd, and a lot of splashy somewhat controversial headlines around Novartis that's

1:26.1

ticker symbol and V S and their gene therapy drug Zol JensenMA try that 10 times, but this is a drug, one and done therapy that truly

1:37.1

has the potential to change lives.

1:40.7

Todd, we've been talking about this drug on the show before.

1:44.0

You pointed this out last Friday when the approval came through that this is not only a game

1:48.4

changer for Novartis, for another company we've been talking about, Regen Bio, but really truly a huge win for patients.

...

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