Previously, the company reduced the list price of Symbicort on January 1, 2024, and will continue to provide discounts and rebates off the list price to help patients afford their respiratory medication, according to the press release.1
Key Takeaways
- AstraZeneca is capping patient costs at $35 per month for their entire portfolio of inhaled respiratory medications used for asthma and chronic obstructive pulmonary disease (COPD).
- The Asthma and Allergy Foundation of America praises AstraZeneca's initiative and urges other manufacturers to follow suit.
- AAFA commends the US Senate Committee's investigation into high inhaler costs, hoping it will lead to solutions.
The Asthma and Allergy Foundation of America (AAFA) applauded the efforts by AstraZeneca in a statement released by the organization.2
“AAFA applauds AstraZeneca’s announcement to cap costs of asthma inhalers and urges other manufacturers to take similar steps to make medications more affordable and accessible,” Kenneth Mendez, president and CEO of AAFA, said in the statement. “AAFA continues to raise the voice of the patient community and draw attention to the ways America’s complex drug pricing ecosystem makes asthma medications more expensive for people who need them most. Drug manufacturers, pharmacy benefit managers, insurers, employers, and the government operate in a perverse system that drives prices higher—and all stakeholders must work together to improve affordability and access.”2
AAFA said that access and affordability can help to reduce racial disparities in asthma, stating that Black and Hispanic individuals have higher rates of asthma but are more likely to be uninsured or underinsured. In the statement, the organization also added that death due to asthma is higher in Black and Puerto Rican populations compared to White populations.2
Additionally, AAFA applauded the US Senate Committee on Health, Education, Labor, and Pensions after launching an investigation into the high costs of inhalers for the treatment of asthma earlier in 2024, according to another statement. The organization shared the patient perspective with the committee as well as research to help with the investigation framework, the statement read.3
References
AstraZeneca caps patient out-of-pocket costs at $35 per month for its US inhaled respiratory portfolio. News release. AstaZeneca. March 18, 2024. Accessed March 21, 2024. https://www.astrazeneca-us.com/media/press-releases/2024/astrazeneca-caps-patient-out-of-pocket-costs-at-35-per-month-for-its-us-inhaled-respiratory-portfolio.html
AAFA Statement in Response to AstraZeneca Asthma Inhaler Cost Announcement. News release. Asthma and Allergy Foundation of America. March 18, 2024. Accessed March 21, 2024. https://aafa.org/aafa-statement-in-response-to-astrazeneca-asthma-inhaler-cost-announcement/
AAFA Applauds Senate Investigation into Pricing of Asthma Inhalers. News release. Asthma and Allergy Foundation of America. January 9, 2024. Accessed March 21, 2024. https://aafa.org/aafa-applauds-senate-investigation-asthma-inhaler-prices/