financetom
Business
financetom
/
Business
/
Amgen to sell cholesterol drug at 60% discount direct to US consumers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amgen to sell cholesterol drug at 60% discount direct to US consumers
Oct 6, 2025 6:34 AM

LOS ANGELES (Reuters) -Amgen ( AMGN ) on Monday launched direct-to-consumer U.S. sales of its cholesterol medication Repatha at a discounted cash price, becoming the latest pharmaceutical company responding to U.S. political pressure to lower drug prices.

The injected drug, with sales of $2.2 billion last year, will have a monthly price of $239, or nearly 60% below its current U.S. list price, the company said. It said the price matches the lowest it now receives in any economically developed country.

Amgen ( AMGN ) said the new program is open to eligible U.S. patients, including those who are uninsured or prefer to pay cash for medications. There are no plans, however, to process insurance coverage for purchases through the consumer portal, which will be called AmgenNow.

Few people in the U.S. pay cash for prescription medications. Most have insurance - either commercial or public plans like Medicare - that charge them a fixed co-payment or percentage of a drug cost. Insurers typically receive discounts or rebates directly from drug manufacturers, bringing costs well below list prices.

For people without health insurance, drugmakers often offer reduced-cost or free drug programs.

To keep the costs of expensive drugs under control, insurance plans can require doctors to seek authorization for a new prescription or try older medications first. People purchasing through AmgenNow will not be subject to those requirements, Amgen ( AMGN ) said.

Amgen ( AMGN ) was one of 17 major drug companies that received a letter from President Donald Trump in July demanding they charge U.S. patients the same price as people in other high-income countries, create direct-to-consumer channels and increase investment in the U.S. Trump threatened to impose 100% tariffs on branded drugs.

In response, Pfizer last week agreed to reduce prescription drug prices for Medicaid, which covers low-income people, to match lower prices overseas and said it would launch direct-to-consumer sales of a handful of its drugs.

Pfizer also said it would offer most-favored-nation pricing on new drugs launched in the U.S., and Trump flagged that other drugmakers would follow suit.

The Trump administration said it plans to launch, likely early next year, a website called TrumpRx that will help consumers search for a drug to see if they can buy it directly from its manufacturer. Amgen ( AMGN ) said its portal will be accessible through TrumpRx.

The drugmaker, based in Thousand Oaks, California, said it intends to eventually add other medicines to AmgenNow.

Repatha targets PCSK9, a protein that maintains "bad" LDL cholesterol in the blood, and helps people who don't benefit from older statin pills, which block the liver's production of LDL cholesterol.

Amgen ( AMGN ) last week said a large study found that Repatha, which was approved by regulators in 2015, reduced the risk of major cardiovascular events, including death, in people without a prior history of heart attack or stroke.

Other companies, including Merck, are developing oral PCSK9 drugs.

(Editing by Cynthia Osterman)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Timken Adds Hillenbrand CEO Kimberly Ryan to Board
Timken Adds Hillenbrand CEO Kimberly Ryan to Board
Jan 21, 2025
09:41 AM EST, 01/21/2025 (MT Newswires) -- Timken (TKR) said Tuesday it appointed Kimberly K. Ryan to its board. The move increases Timken's board to 13 members, the company said, adding Ryan will be a member of the board's compensation and audit committees. Ryan has been chief executive of Hillenbrand ( HI ) since 2021, Timken said. Price: 77.70, Change:...
Bowman Consulting Receives Multi-State Geodetic Survey Contract
Bowman Consulting Receives Multi-State Geodetic Survey Contract
Jan 21, 2025
09:39 AM EST, 01/21/2025 (MT Newswires) -- Bowman Consulting Group ( BWMN ) said Tuesday that it has been awarded a multi-state geodetic survey and monitoring project by an unidentified energy infrastructure company. Financial terms of the project were not disclosed. The engineering services firm said it will conduct quarterly surveys to assess infrastructure stability, geohazard challenges, and ensure compliance...
Kimco Realty Chairman Milton Cooper to Retire
Kimco Realty Chairman Milton Cooper to Retire
Jan 21, 2025
09:39 AM EST, 01/21/2025 (MT Newswires) -- Kimco Realty ( KIM ) said Tuesday that Milton Cooper will retire as executive chairman at the company's annual general meeting and will be named as chairman emeritus. Following Cooper's retirement, director Richard Saltzman will assume the role of independent chairman, the real estate investment trust said. Cooper founded the company's predecessor in...
Why Digital Solutions Provider SuperCom's Stock Is Rising Today?
Why Digital Solutions Provider SuperCom's Stock Is Rising Today?
Jan 21, 2025
Shares of SuperCom ( SPCB ) , which provides secure solutions for e-Government, IoT, and Cybersecurity, are rising Tuesday. The Tel Aviv-based company has successfully obtained a major contract with a U.S. multi-state electronic monitoring service provider. This collaboration is crucial for accelerating SuperCom's ( SPCB ) growth within the U.S. market. The deal will bring SuperCom's ( SPCB )...
Copyright 2023-2026 - www.financetom.com All Rights Reserved