The medication has a wholesale acquisition cost of $1,850 per vial.
BOSTON, - The U.S. Justice Department on Wednesday accused Regeneron Pharmaceuticals , opens new tab of manipulating Medicare's drug-pricing process by inflating the average sales price for its expensive macular degeneration drug Eylea.
The drug, which the Tarrytown, New York-based company began marketing in 2011, is approved by the U.S. Food and Drug Administration for treating conditions including wet age-related macular degeneration, which impairs vision. "By doing so, Regeneron greatly inflated the costs of its drug to Medicare over many years and enhanced its revenues," acting U.S. Attorney Joshua Levy of Massachusetts said in a statement.
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