00:00It's Benzinga and here's what's on the block.
00:02The FDA approved Eli Lilly's Alzheimer's drug expanding treatment options for the disease
00:08in the US.
00:09It will be sold under the brand name Casunla.
00:12The drug targets plaques in the brain which are a hallmark of Alzheimer's disease.
00:16It has also been shown to slow disease progression by 35% over 18 months compared to a placebo.
00:22The cost will range from $12,000 to $48,000.
00:26Medicare coverage is available for eligible patients.
00:29An estimated 7 million Americans currently have Alzheimer's disease which is expected
00:33to rise to 13 million by 2050.
00:35For all things money, visit Benzinga.com.
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