Price slashed for drug to prevent preemie birth

/ Source: The Associated Press

The price of an expensive drug to prevent early births has been cut by more than half.

The move follows complaints by doctors' groups and patients that the recently approved drug was too costly. Government officials also this week said special pharmacies could continue to make a much cheaper generic version.

KV Pharmaceutical Co. said Friday that it is dropping the price for each dose from $1,500 to $690.

The company got government OK in February to exclusively sell the drug named Makena. But the Food and Drug Administration said this week it won't stop pharmacies from making a version that costs $10 to $20. The drug helps prevent premature birth in women who previously delivered early.