Lower Cost Revlimid: Generic Lenalidomide is Here (https://www.myeloma.org/blog/lower-cost-revlimid-generic-lenalidomide-here)

Week in Review
generic-pharmacy-medication

On March 7,2022, Teva Pharmaceuticals announced the launch of the first generic version of REVLIMID® (lenalidomide) in the US (https://www.tevapharm.com/news-and-media/latest-news/teva-announces-launch-of-a-first-generic-version-of-revlimid-lenalidomide-capsules-in-the-u.s/), with dosages available at 5mg, 10mg, 15mg, and 25mg capsules. 

This announcement has led to considerable interest and many questions from the myeloma community. The main questions revolve around the costs of the generic lenalidomide, but there were also questions about the generic version's efficacy and potential side effects compared to the brand product, Revlimid.

What we know right now

 

Understanding Generic Drugs: Safety and Efficacy

What we do not know: The Impact on Cost and Patient Access

  • As of now, we DO NOT know yet what the cost of generic lenalidomide for patients will be, versus the brand product, Revlimid.

  • Right now, patients with commercial insurance can apply for a co-pay card, with an annual benefit of $15,000 and a $10 co-pay cost per prescription for brand Revlimid. Thus, it seems unlikely that the cost of generic lenalidomide will be significantly less.
  • For Medicare patients, the co-pay costs for Revlimid could end up being in the $11,000 or higher range/year, depending upon an individual’s Part D plan and whether they are eligible for grants from co-pay assistance foundations. It’s not clear yet if or how this changes with generic lenalidomide. 

 

Navigating the Transition: What Patients Should Do

 

Our IMF InfoLine Coordinator, Judy Webb has been diligently researching for more definitive information about the pricing of generic lenalidomide. It seems that we will only be able to find out the cost when patients start picking up and paying for generic lenalidomide prescriptions. 

It is also still unknown if there are cost savings for wholesalers and/or pharmacies but if so, then, insurance formularies could make the switch over time. 

This summary will be updated as more information becomes available. Meanwhile, any feedback from patients who have been prescribed generic lenalidomide will be greatly appreciated. If you have been prescribed generic lenalidomide and want to share your experience with the IMF, please email [email protected]. (mailto:[email protected])

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