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Nhs Likely to Block Eli Lilly nyse Lly Alzheimer's Treatment the Telegraph Reports

NHS Likely to Block Eli Lilly (NYSE: LLY) Alzheimer’s Treatment, The Telegraph Reports

Eli Lilly’s (NYSE: LLY) treatment for early Alzheimer’s is expected to be blocked for use by Britain’s National Health Service (NHS), the Telegraph reported on Friday.

The drug donanemab would be rejected by the National Institute for Health and Care Excellence (NICE), which decides what drugs are available on the NHS, the newspaper reported citing insiders.

NHS and NICE declined to comment, while Eli Lilly (NYSE: LLY) did not immediately respond to a Reuters request for comment.

NICE is also unlikely to go back on its decision to reject a previous Alzheimer’s drug, lecanemab, the report said.

Earlier this week, the Medicines and Healthcare Products Regulatory Agency (MHRA) stated that lecanemab’s high cost and intensive monitoring requirements for side effects make it poor value for taxpayers.

Lecanemab is the first treatment for Alzheimer’s licensed for use in the country that shows some evidence of slowing the progression of the disease.

Donanemab is reported to be even more effective at slowing down the progression of Alzheimer’s disease and was hailed as the “best ever” treatment for the disease by scientists, the Telegraph reported.

The MHRA may not approve donanemab due to concerns regarding the risk of side effects, according to the report. Both drugs have been approved for use in the United States.

A decision on donanemab has been delayed, with the regulatory agency initially planning to make a call in July, the same time it was approved for use in the U.S., the report said.

(Source: Reuters)

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Maria Reed
Maria Reed is a financial journalist with a passion for covering US equities. She joined the ABBO News team in June 2023. Maria holds an M.S. degree in International Economics and Finance from Otto-von-Guericke University in Magdeburg and is a CFA Level 2 candidate.