Novartis, NHS England Ink Access Deal For Cholesterol Drug Leqvio

The U.K. government, NHS England, and Novartis AG (NYSE:NVS) unveiled a "world-first" reimbursement deal for providing broader access to anti-cholesterol drug Leqvio (inclisiran) after the U.K.'s healthcare cost agency NICE approved the medicine.
The news follows the January 2020 announcement of the deal parameters. The partners are now ready to move into the "implementation phase."
After reviewing clinical data from three Phase 3 trials, England's NICE endorsed the drug in patients with a history of cardiovascular events and whose LDL-C concentrations are persistently 2.6 mmol/l or higher despite treatment with lipid-lowering medicines.
Over the next three years, NHS England expects to treat about 300,000 patients with the drug, which won its European nod last year as an add-on therapy for those patients whose cholesterol levels do not respond adequately to statins.
Price Action: NVS stock is up 0.19% at $92.57 during the premarket session on the last check Wednesday.

Benzinga