Reptile & Amphibian News Blog
Keep up with news and features of interest to the reptile and amphibian community on the kingsnake.com blog. We cover breaking stories from the mainstream and scientific media, user-submitted photos and videos, and feature articles and photos by Jeff Barringer, Richard Bartlett, and other herpetologists and herpetoculturists.
Tuesday, July 28 2015
First a rattlesnake took a bite out of Todd Fassler. Then the bill for the antivenin that saved his life took another.
From the Washington Post:
The bulk of his hospital bill — $83,000 of it — is due to pharmacy charges. Specifically, charges for the antivenin used to treat the bite. KGTV reports that Fassler depleted the antivenin supplies at two local hospitals during his five-day visit. Nobody expects antivenin to be cheap. But $83,000?
There's currently only one commercially available antivenin for treating venomous snakebites in the United States -- CroFab, manufactured by U.K.-based BTG plc. And with a stable market of 7,000 to 8,000 snakebite victims per year and no competitors, business is pretty good. BTG's latest annual report shows CroFab sales topped out at close to 63 million British pounds, or $98 million dollars, last fiscal year. The antivenin costs hospitals roughly $2,300 per vial, according to Bloomberg, with a typical dose requiring four to six vials. In some cases multiple doses are needed, according to CroFab's promotional Web site.
BTG has fought aggressively to keep competitors off the market. A competing product, Anavip, just received FDA approval this year and likely won't be on the market until late 2018. This lack of competition is one reason that snakebite treatments rack up such huge hospital bills -- $55,000. $89,000. $143,000. In May of this year, a snakebit Missouri man died after refusing to seek medical care, saying he couldn't afford the bill.
Read the rest here.
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