David Mitchell
Founder &
President
USC Annenberg’s Center for
Health Journalism
May 15, 2018
1
My Battle With Blood Cancer
Diagnosed with Multiple Myeloma
in 2010
Cancer brought me face-to-face
with high price drugs
2
Patient Voices Absent on Drug Pricing
83 percent of patient groups with funding of
over $7.5 million take money from drug
corporations
Some, including IMF, have activated patients
against proposals aimed at lowering drug
prices
3
Patients For Affordable Drugs
Only national patient
organization focused
exclusively on policies to
lower Rx prices
Independent: We don’t accept funding from any
organizations that profit from the development or
distribution of prescription drugs 4
Stories of Pain and Struggle
We have
collected 13,000
stories and
82,000 email
addresses.
5
Mobilizing Patients: State legislation
6
State legislation Successes
7
Mobilizing Patients: Coming to DC
8
• 1950s: Thalidomide invented & causes terrible birth defects
• 1990s: Accidental discovery of effectiveness against multiple
myeloma
• Molecule tweaked, drug renamed lenalidomide and brought to market as
Revlimid
• Today: Revlimid is 63% of Celgene revenue
• 2017: Celgene raises price of Revlimid 20% to $18,000 for 28
capsules
Revlimid: A Story Of Patient and Taxpayer Abuse
How do they get away with it?
• Fail to provide samples to generic companies
• Pay-for-delay
9
Mobilizing Patients: Press + storytelling
10
• The Good:
• Action to prevent corporations from blocking cheaper generics
• Require list prices on DTC
• Cap out-of-pocket expenses for Medicare beneficiaries
• Part B reform
• Require PBMs to act in benefit of patients
• The Missing:
• Direct negotiations as promised by the President
• Clear set of proposals to stop patent abuse
• The Ugly:
• Targeting other countries when we should be targeting Big Pharma
• Encouraging outcomes based pricing deals
Trump: The Good, The Missing, The Ugly
11
• Taxpayers are paying twice for new drugs
 Once to develop new drugs and again paying prices based on a false claim of high risk
• These drugs will bankrupt families and our system
• We need a national dialogue about this
• NIH meeting & follow up
Future Directions: Taxpayer IP
12
• CAR-T is the poster child
• NIH invested $200 million in CAR-T
• At $475,000 Novartis will realize 65% profit
 Right price is closer to $160,000
• We will keep pushing on this issue for the long haul
Future Directions: New therapies/CAR-T
13
• We have resources to do more direct state and federal lobbying
• We plan to engage in some political campaigns to highlight and boost the
issue of drug pricing for the new Congress and statehouses
• Stay tuned
14
@p4ad_ @DavidP4AD
Patients For Affordable Drugs
Contact and
Resources:
David@patientsforaffordabledrugs.org
15

David Mitchell: "Runaway Train: America’s Drug Price Problem"

  • 1.
    David Mitchell Founder & President USCAnnenberg’s Center for Health Journalism May 15, 2018 1
  • 2.
    My Battle WithBlood Cancer Diagnosed with Multiple Myeloma in 2010 Cancer brought me face-to-face with high price drugs 2
  • 3.
    Patient Voices Absenton Drug Pricing 83 percent of patient groups with funding of over $7.5 million take money from drug corporations Some, including IMF, have activated patients against proposals aimed at lowering drug prices 3
  • 4.
    Patients For AffordableDrugs Only national patient organization focused exclusively on policies to lower Rx prices Independent: We don’t accept funding from any organizations that profit from the development or distribution of prescription drugs 4
  • 5.
    Stories of Painand Struggle We have collected 13,000 stories and 82,000 email addresses. 5
  • 6.
  • 7.
  • 8.
  • 9.
    • 1950s: Thalidomideinvented & causes terrible birth defects • 1990s: Accidental discovery of effectiveness against multiple myeloma • Molecule tweaked, drug renamed lenalidomide and brought to market as Revlimid • Today: Revlimid is 63% of Celgene revenue • 2017: Celgene raises price of Revlimid 20% to $18,000 for 28 capsules Revlimid: A Story Of Patient and Taxpayer Abuse How do they get away with it? • Fail to provide samples to generic companies • Pay-for-delay 9
  • 10.
    Mobilizing Patients: Press+ storytelling 10
  • 11.
    • The Good: •Action to prevent corporations from blocking cheaper generics • Require list prices on DTC • Cap out-of-pocket expenses for Medicare beneficiaries • Part B reform • Require PBMs to act in benefit of patients • The Missing: • Direct negotiations as promised by the President • Clear set of proposals to stop patent abuse • The Ugly: • Targeting other countries when we should be targeting Big Pharma • Encouraging outcomes based pricing deals Trump: The Good, The Missing, The Ugly 11
  • 12.
    • Taxpayers arepaying twice for new drugs  Once to develop new drugs and again paying prices based on a false claim of high risk • These drugs will bankrupt families and our system • We need a national dialogue about this • NIH meeting & follow up Future Directions: Taxpayer IP 12
  • 13.
    • CAR-T isthe poster child • NIH invested $200 million in CAR-T • At $475,000 Novartis will realize 65% profit  Right price is closer to $160,000 • We will keep pushing on this issue for the long haul Future Directions: New therapies/CAR-T 13
  • 14.
    • We haveresources to do more direct state and federal lobbying • We plan to engage in some political campaigns to highlight and boost the issue of drug pricing for the new Congress and statehouses • Stay tuned 14
  • 15.
    @p4ad_ @DavidP4AD Patients ForAffordable Drugs Contact and Resources: David@patientsforaffordabledrugs.org 15

Editor's Notes

  • #3 Drugs cost $20,000 per treatment. With 22 treatments this year, that's $440,000 in drugs just to stay alive. To give you a sense of the price increases, my out-of-pocket cost for Revlimid went from $42 a month in 2011 to $250 a month by the time I had to stop taking it last year because of side effects. The retail price for one four-week cycle of Revlimid is $10,691—more than $500 per capsule.
  • #4 On top of my rising drug prices, I realized that patient groups were not working to bring down drug prices
  • #5 In the Winter of 2016, my wife – also a breast cancer survivor – decided to take action.
  • #8 Drugs cost $20,000 per treatment. With 22 treatments this year, that's $440,000 in drugs just to stay alive. To give you a sense of the price increases, my out-of-pocket cost for Revlimid went from $42 a month in 2011 to $250 a month by the time I had to stop taking it last year because of side effects. The retail price for one four-week cycle of Revlimid is $10,691—more than $500 per capsule.