Peter Eugene
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The first-ever FDA-approved CBD-based treatment for epilepsy, known as Epidiolex, finally has a price tag and it’s going to cost patients $32,500 a year. PROOF IT IS ALL ABOUT THE MONEY. NOT HEALING.
GW Pharmaceuticals, the UK-based company responsible for the recently-approved medication, revealed the cost of their product to investors earlier this week, saying they wanted to ensure that the price was consistent with current epilepsy medications.
The FDA approved Epidiolex in June after it completed the regulatory agency’s long approval process. The approval of the drug was historic as it’s the first cannabis-based medicine to ever be sanctioned by the federal government for prescription by doctors. The move was celebrated by the cannabis industry as an acknowledgment of cannabis’ therapeutic potential, but it also raised concerns that pharmaceutical companies would make cannabis medicines unaffordable for the sake of profit.
In the testing Epidiolex, GW found that roughly 45 percent of patients treated experienced a reduction in seizures, a number that is fairly significant given the fact that the CBD-based spray is meant to treat the most severe forms of epilepsy known as Lennox-Gastaut syndrome and Dravet syndrome.
Yet the high price tag could mean that this life-changing treatment will be no more accessible than existing treatments, many of which have not worked for those who eventually turn to medical cannabis to alleviate their symptoms.
“We wanted to make sure we were pricing Epidiolex in such a way where the means to access this medication would be consistent with branded epilepsy drugs these patients already use,” GW’s Chief Executive Justin Gover told The Wall Street Journal.
https://herb.co/marijuana/news/fda-cbd-epilepsy-gw-pharmaceuticals-epidiolex-cost/
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