Agreement Promotes the Development and Access to COVID Therapies for Americans
The U.S. Department of Health and Human Services announces new details of its agreement with Regeneron to extend its public-private partnership to develop life-saving monoclonal antibodies as part of Project NextGen enhancing our preparedness for COVID-19 strains and variants.
The Department of Health and Human Services is committed to lowering drug costs for all Americans. As part of that commitment, HHS and Regeneron announced an extension of their long-standing partnership to develop life-saving monoclonal antibodies.
This agreement included a clause where Regeneron committed that if a new product is commercialized, its list price in the United States will be equal to or less than its retail price in comparable markets globally. Inclusion of this clause is the result of HHS’s and Regeneron’s shared interest in ensuring enduring and equitable access to therapeutics developed under public-private partnerships for all Americans. An excerpt of this clause is provided below.
If Regeneron commercializes a product in the United States for prevention of SARS-CoV-2 comprised solely of a COVID-19 therapeutic for which BARDA invests [a minimum amount or more] under this Agreement, then, subject to applicable law, the list price for commercial sales of such product in the United States following full licensure of the product, shall be substantially equivalent to or less than the approved price for commercial sales in High Income Countries outside of the United States;...
The Biden-Harris Administration would like to publicly thank Regeneron and ASPR for their leadership in advancing this critical Administration priority.
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