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Regulators have approved the world's most expensive medicine that costs $3.5 million per patient

5 days ago   |   By Business Insider

Hemgenix can be used to treat adults with hemophilia. Ivan Balvan/Getty Images
The FDA approved a treatment costing $3.5 million, making it the world's most expensive medicine.
Hemgenix effectively treated several patients with the blood condition Hemophilia B in trials.
An independent study said a fair price for the drug would be about $2.9 million.
US regulators have approved a hemophilia drug that will cost $3.5 million per patient, making it the world's most expensive medicine. The Food and Drug Administration announced on Tuesday that it had approved Hemgenix , the first gene therapy...
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FTX owned an $11.5 million stake in a tiny rural bank in Washington state with just 3 employees, bankruptcy hearing shows

5 days ago   |   By Business Insider

The Palouse hills in Whitman County, Washington, where FTX's investment is located. Education Images/Universal Images Group via Getty Images; Tom Williams/CQ-Roll Call, Inc via Getty Images
Farmington State Bank had 3 staff and was the 26th-smallest bank in America out of a total 4,800.
Then FTX bought an $11.5 million stake in the bank, it has emerged during FTX's bankruptcy case.
That stake was more than twice the bank's previous net worth.
FTX has come under more scrutiny after it emerged that the collapsed crypto giant owned an $11.5 million stake in one of America's smallest banks...
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