February 20: Japan Covers Elevidys at ¥304.97M, Gene Therapy Price Record

February 20: Japan Covers Elevidys at ¥304.97M, Gene Therapy Price Record

Elevidys Japan insurance cover begins on February 20, setting a record ¥304.97 million list price for a one-time Duchenne gene therapy. National insurance coverage applies to ambulant children aged 3 to 7, a narrow group that will shape near-term uptake. For investors, this decision signals how Japan drug pricing treats high-cost, single-dose treatments. We see three themes to watch: hospital readiness, payer budget exposure, and revenue timing for Sarepta Elevidys. Clarity on logistics and patient identification will be critical in the next few quarters.

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