I find it hard to see how VEGF-Trap-Eye can effectively compete with off-label Avastin
Well the first issue is how well it can compete with Lucentis. Basically comparable efficacy, but once every two months instead of once a month is a significant advantage. I am sure injections into the eye cannot be pleasant, aside from the cost and hassle of 12 trips a year to the doctor instead of 6.
Lucentis does about $3 billion annually world-wide, so having an advantage over Lucentis is not trivial.
Further, it's easy to justify Avastin vs Lucentis given comparable efficiency and the cost-savings. It becomes a bit harder when you have to tell the patient that the cheaper drug requires twice as many injections.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.