Novartis’s Gilenya to Cost EU24,000 a Year in Germany

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Novartis AG’s multiple sclerosis pill Gilenya will cost 1,850 euros ($2,645) for 28 days in Germany, according to a company spokesman.

Novartis has set an annual wholesale price of about 24,000 euros for the drug, Eric Althoff, a spokesman for the Basel, Switzerland-based company, said by phone. Germany is usually used as an indicator for pricing in other European countries, he said.