Medicare plans to cover Biogen drug only for patients in clinical trials
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Medicare will only cover the cost of Aduhelm, the Alzheimer's drug made by Biogen Inc., for certain patients enrolled in clinical trials if the feds stick to a preliminary decision issued by the Centers for Medicare and Medicaid Services (CMS). The federal agency posted a proposed decision to its website on Tuesday afternoon. Biogen (Nasdaq: BIIB) shares began to slide in after-hours trading, dropping by about 6% in the first hour after the closing bell. The final CMS decision will not come until…
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