Net Pricing ConcernsThe shift from medical to pharmacy benefit implies a higher GTN due to rebating, though the company noted the PFS was launching at a 4% higher price than the vial.
Pricing ImpactThe self-administered prefilled syringe formulation will shift patients to Part D, where plan rebates are higher, resulting in a higher gross-to-net discounting.
Pricing StrategyThe shift of Vyvgart from medical to pharmacy benefit as a self-administered product implies a higher gross-to-net due to rebating, although the impact is expected to be offset by the higher launch price of the pre-filled syringe.