Pfizer’s Drug For Treating Fatal Heart Disease Gains FDA Approval
Pfizer (PFE) is a leading global provider of anti-infective medicines, offering patients access to a diverse portfolio of more than 80 products. Pfizer Inc.’s oral drug tafamidis effective in treating “transthyretin amyloid cardiomyopathy”, a rare and fatal heart disease recently gained approval from the U.S Food and Drug Administration. The drug to be priced at $225,000 a year and will be sold under the brand name Vyndaqel. The American Pharmaceutical hopes to help 100,000 of patients suffering from the heart disease in the United States, out of which only 2,000 to 5,000 are diagnosed currently. The drug is believed to be able to reduce the risk of death in patients by 30 percent compared to placebo in clinical trials. Vyndaqel will be made available to those who can’t afford the drug through patient assistance foundations. The makers are also in talks with the insurers for the drug to be reimbursable. To learn more about Pfizer (PFE) and to track its progress please visit the Vista Partners Pfizer Coverage Page.