Big pharma says drug prices reflect R&D cost. Researchers call BS

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At the end of September, a spot of good news: Relyvrio, a new drug for treating amyotrophic lateral sclerosis-or ALS, a neurological disorder without a cure-was approved in the United States. The ALS community rejoiced; the drug's authorization was described as a long-sought victory for patients."

But the next day, the price of the medicine was revealed: $158,000 a year. This was far higher than what the Institute for Clinical and Economic Review, an independent nonprofit that analyzes health care costs, had estimated would be a reasonable price, which it deemed to be between $9,100 and $30,700.

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