Risk Of Developing Liver Cancer After HCV Treatment

Wednesday, December 23, 2015

Australia bets $1B on pricey hep C drugs in broad effort to eradicate the disease

Australia bets $1B on pricey hep C drugs in broad effort to eradicate the disease
December 23, 2015 | 

Good news for Gilead Sciences ($GILD) and Bristol-Myers Squibb ($BMY): Australia's federal government wants to eliminate hepatitis C in the country. And it plans to shell out $1 billion on the drugmakers' meds to do that.

Australia is earmarking $1 billion to subsidize Gilead's Sovaldi and Harvoni, along with Bristol's Daklinza--as well as Pendopharm's ribavirin tablets, Ibavyr--for all hep C patients, regardless of their age or how they acquired the disease, Sky News reports. Authorities are hoping the investment can wipe the malady off the continental map within 20 years.




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