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 >
CBRE acquires remaining stake in shared workspace provider Industrious for $400 mln
CBRE acquires remaining stake in shared workspace provider Industrious for $400 mln
Jan 14, 2025
Jan 14 (Reuters) - Real estate services firm CBRE Group ( CBRE ) said on Tuesday it will acquire the 60% stake it does not already own in flexible workspace provider Industrious National Management Company for $400 million. The company said it will also create a new business segment called Building Operations & Experience, which will integrate its building operations,...
Hess Midstream Announces $100 Million Sponsor Unit Repurchase Deal
Hess Midstream Announces $100 Million Sponsor Unit Repurchase Deal
Jan 14, 2025
09:55 AM EST, 01/14/2025 (MT Newswires) -- Hess Midstream ( HESM ) said Tuesday that its unit, Hess Midstream Operations, has agreed to repurchase $100 million class B units from affiliates of Hess Corp. ( HES ) and BlackRock ( BLK ) division Global Infrastructure Partners. Hess Midstream Operations will repurchase nearly 2.6 million class B units for $38.87 each,...
Signet Jewelers Slashes Q4 Sales Forecast, Stock Drops Over 17%
Signet Jewelers Slashes Q4 Sales Forecast, Stock Drops Over 17%
Jan 14, 2025
Signet Jewelers Ltd ( SIG ) stocks are trading lower in the premarket session on Tuesday. The company expects fourth-quarter sales to range between $2.32 billion and $2.335 billion. That’s down from the prior forecast of $2.38 billion to $2.46 billion, compared to the $2.45 billion estimate. “Our holiday results of approximately -2% SSS reflect peak selling days leading up...
ThredUp Shares Gain After Preliminary Q4 Revenue Tops Guidance
ThredUp Shares Gain After Preliminary Q4 Revenue Tops Guidance
Jan 14, 2025
09:54 AM EST, 01/14/2025 (MT Newswires) -- Shares of ThredUp ( TDUP ) were higher Tuesday morning after the online consignment company reported preliminary Q4 revenue that exceeded previously announced guidance. For its ongoing US operations, the company reported preliminary Q4 revenue of $66.7 million to $67.2 million, compared with previous guidance of $58 million to $60 million. Analysts polled...
Copyright 2023-2026 - www.financetom.com All Rights Reserved