Vertex’s medicine to be subsidised in Australia

Bloomberg

Vertex Pharmaceuticals Inc.’s cystic fibrosis medicine Orkambi will be subsidized by the Australian government from next month.
The medicine will be available on the Pharmaceutical Benefits Scheme from October 1 for all patients over the age of six who have the most common form of cystic fibrosis, Prime Minister Scott Morrison said in a statement.
“This will provide over 1,200 Australian patients, and their families, with a longer and better life,” Morrison said, adding Vertex had agreed
to provide “compassionate free access” until the medicine is listed.
Cystic fibrosis is a progressive, genetic disease that causes persistent lung infections and can limit the ability to breathe. Orkambi can cost patients up to A$250,000 ($180,000) a year, according to the statement.

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