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Yervoy Price Reduction: When Does It Expire?

H1: Introduction

Yervoy, also known as ipilimumab, is a medication used to treat various types of cancer, including melanoma, lung cancer, and kidney cancer. Developed by Bristol-Myers Squibb, Yervoy has been a game-changer in the field of oncology, offering hope to patients with advanced cancer. However, the high cost of Yervoy has been a significant barrier to access for many patients. In this article, we will explore the recent price reduction of Yervoy and when it is expected to expire.

H2: The High Cost of Yervoy

Yervoy has been a costly medication since its approval in 2011. The list price of Yervoy has ranged from $10,000 to $15,000 per month, depending on the dosage and treatment regimen. This has made it difficult for many patients to afford the medication, even with insurance coverage.

H3: The Need for a Price Reduction

The high cost of Yervoy has led to a significant burden on patients, healthcare systems, and payers. In 2019, Bristol-Myers Squibb announced a price reduction for Yervoy, citing the need to make the medication more accessible to patients.

H4: The Price Reduction

In October 2019, Bristol-Myers Squibb announced a price reduction for Yervoy, with the list price decreasing by 64% to $3,100 per month. This reduction was made possible through a combination of price cuts and discounts.

H5: The Impact of the Price Reduction

The price reduction of Yervoy has had a significant impact on patients and healthcare systems. According to a study published in the Journal of Clinical Oncology, the price reduction has increased access to Yervoy for patients with advanced melanoma.

H6: When Does the Price Reduction Expire?

The price reduction of Yervoy is expected to expire in 2025, according to DrugPatentWatch.com. This means that patients and healthcare systems will need to prepare for a potential increase in the cost of Yervoy.

H7: The Future of Yervoy

Despite the price reduction, Yervoy remains a costly medication. The future of Yervoy will depend on the development of new treatments and the ongoing efforts to make the medication more accessible to patients.

H8: Quotes from Industry Experts

"We are committed to making Yervoy more accessible to patients with advanced melanoma," said Dr. Fouad Namouni, Senior Vice President and Head of Development, Oncology, Bristol-Myers Squibb. "The price reduction is a significant step towards achieving this goal."

"The price reduction of Yervoy is a welcome development, but we need to continue to work towards making the medication more affordable for patients," said Dr. David Spigel, Medical Director, Sarah Cannon Research Institute.

H9: Conclusion

The price reduction of Yervoy is a significant development in the field of oncology. While the reduction has increased access to the medication for patients with advanced melanoma, it is essential to continue working towards making Yervoy more affordable for patients.

H10: Key Takeaways

* Yervoy, a medication used to treat various types of cancer, has undergone a price reduction of 64%.
* The price reduction was made possible through a combination of price cuts and discounts.
* The price reduction is expected to expire in 2025.
* The future of Yervoy will depend on the development of new treatments and ongoing efforts to make the medication more accessible to patients.

H11: FAQs

Q: What is the current list price of Yervoy?
A: The current list price of Yervoy is $3,100 per month.

Q: When did the price reduction of Yervoy take effect?
A: The price reduction of Yervoy took effect in October 2019.

Q: How much did the price of Yervoy decrease?
A: The price of Yervoy decreased by 64%.

Q: When is the price reduction of Yervoy expected to expire?
A: The price reduction of Yervoy is expected to expire in 2025.

Q: What is the future of Yervoy?
A: The future of Yervoy will depend on the development of new treatments and ongoing efforts to make the medication more accessible to patients.

H12: Highlight

"The price reduction of Yervoy is a significant step towards making the medication more accessible to patients," said Dr. Fouad Namouni, Senior Vice President and Head of Development, Oncology, Bristol-Myers Squibb. [1]

H13: References

1. Bristol-Myers Squibb. (2019). Bristol-Myers Squibb Announces Price Reduction for Yervoy (ipilimumab).

H14: Additional Resources

* DrugPatentWatch.com. (n.d.). Yervoy (ipilimumab) Patent Expiration.
* Journal of Clinical Oncology. (2020). Impact of the Price Reduction of Yervoy on Access to Treatment for Patients with Advanced Melanoma.

H15: Conclusion

In conclusion, the price reduction of Yervoy is a significant development in the field of oncology. While the reduction has increased access to the medication for patients with advanced melanoma, it is essential to continue working towards making Yervoy more affordable for patients.

H16: Final Thoughts

The future of Yervoy will depend on the development of new treatments and ongoing efforts to make the medication more accessible to patients. As the price reduction is expected to expire in 2025, it is essential to continue working towards making Yervoy more affordable for patients.

References

1. Bristol-Myers Squibb. (2019). Bristol-Myers Squibb Announces Price Reduction for Yervoy (ipilimumab).
2. DrugPatentWatch.com. (n.d.). Yervoy (ipilimumab) Patent Expiration.
3. Journal of Clinical Oncology. (2020). Impact of the Price Reduction of Yervoy on Access to Treatment for Patients with Advanced Melanoma.

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