financetom
Business
financetom
/
Business
/
Update: Eli Lilly's Alzheimer's Treatment Donanemab Deemed Not Cost-Effective for NHS use, UK Health Body Says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Eli Lilly's Alzheimer's Treatment Donanemab Deemed Not Cost-Effective for NHS use, UK Health Body Says
Oct 23, 2024 7:17 AM

09:47 AM EDT, 10/23/2024 (MT Newswires) -- (Updates to add Eli Lilly's ( LLY ) comment in the last paragraph.)

Eli Lilly's ( LLY ) new treatment for mild Alzheimer's disease donanemab requires more evidence on its clinical and cost-effectiveness and cannot currently be considered good value for the UK's National Health Service, the National Institute for Health and Care Excellence said Wednesday.

The treatment is licensed by the country's Medicines and Healthcare products Regulatory Agency for mild cognitive impairment or dementia due to Alzheimer's.

NICE raised concerns about donanemab's high cost, including infusions and intensive monitoring for serious side effects, compared to its modest benefit of slowing Alzheimer's progression by four to seven months. There are also health risks, with a third of recipients experiencing amyloid-related imaging abnormalities.

Donanemab, also known as Kisunla, targets beta-amyloid proteins that contribute to Alzheimer's. The UK health spending watchdog found its cost-effectiveness estimate for donanemab to be five to six times above acceptable NHS levels.

The consultation on NICE's draft guidance on donanemab will close on Nov. 20, with final recommendations to follow.

"Lilly remains confident in the clinical and cost-effectiveness of donanemab and the value that it can bring to patients and to the NHS," the company said in response to MT Newswires' request for comment. "Lilly will continue to work closely with NICE during the consultation period ahead of a final reimbursement decision for use in the NHS," it added.

Price: 906.29, Change: -2.86, Percent Change: -0.32

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 >
Macy's Signs 10-Year Thanksgiving Parade Broadcast Deal With NBCUniversal
Macy's Signs 10-Year Thanksgiving Parade Broadcast Deal With NBCUniversal
Feb 25, 2025
08:34 AM EST, 02/25/2025 (MT Newswires) -- Macy's (M) said Tuesday that it has signed a new rights deal with Comcast ( CMCSA )-owned (CMCSA) NBCUniversal for Macy's Thanksgiving Day Parade and Macy's 4th of July Fireworks on NBC, Peacock, and Telemundo. Financial terms of the deal were not disclosed. The 10-year agreement will include broadcast and streaming rights for...
Thermo Fisher to acquire Solventum's purification and filtration business for $4.1 billion
Thermo Fisher to acquire Solventum's purification and filtration business for $4.1 billion
Feb 25, 2025
Feb 25 (Reuters) - Contract drug manufacturer Thermo Fisher Scientific ( TMO ) said on Tuesday it will buy Solventum's ( SOLV ) purification and filtration business for about $4.1 billion in cash. The transaction is expected to be completed by the end of 2025. ...
PayPal Reaffirms 2025 Non-GAAP EPS Growth Range; Rolls Out New Unified Merchant Tool in US
PayPal Reaffirms 2025 Non-GAAP EPS Growth Range; Rolls Out New Unified Merchant Tool in US
Feb 25, 2025
08:37 AM EST, 02/25/2025 (MT Newswires) -- PayPal Holdings ( PYPL ) said Tuesday it continues to expect 2025 non-GAAP earnings per share to grow by 6% to 10%. The company also anticipates non-GAAP EPS growth of more than low-teens by 2027, it added. PayPal ( PYPL ) said it will roll out PayPal Open, a new unified merchant tool,...
Sempra Q4 Adjusted Earnings, Revenue Rise; 2025 EPS Guidance Revised; 2026 EPS Outlook Issued; Quarterly Dividend Raised
Sempra Q4 Adjusted Earnings, Revenue Rise; 2025 EPS Guidance Revised; 2026 EPS Outlook Issued; Quarterly Dividend Raised
Feb 25, 2025
08:38 AM EST, 02/25/2025 (MT Newswires) -- Sempra ( SRE ) reported Q4 adjusted earnings Tuesday of $1.50 per diluted share, up from $1.13 a year earlier. Analysts polled by FactSet expected $1.60. Revenue for the quarter ended Dec. 31 was $3.76 billion, up from $3.49 billion a year earlier. Analysts surveyed by FactSet expected $4.9 billion. The company said...
Copyright 2023-2026 - www.financetom.com All Rights Reserved