Bloomberg

Novartis's $475,000 cancer breakthrough heralds new era of cures

Foto: Gaetan Bally, Keystone/AP

The approval of Novartis's breakthrough therapy for a deadly form of leukemia opened the door to a new class of treatments even as its $475,000 price tag reignited the debate on how to value potentially life-saving drugs.

Demonstrating its willingness to clear medicines faster, the Food and Drug Administration on Wednesday approved a radical new one-time treatment from the Swiss drugmaker, weeks earlier than expected. The move heralds acceptance of a promising, potentially curative approach for cancers, genetic diseases and other severe disorders...

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