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DrugPrice

Fanapt

Iloperidone

Generic availableMental Healthby Vanda
$290.00
avg cost per claim
-8.6% year-over-year
$123.0M
Medicare Spending
424,000
Total Claims
48,000
Beneficiaries
$2,563.00
Annual Cost/Patient

Why Fanapt Costs $290.00 Per Claim

Fanapt (Iloperidone) is used to treat mental health. According to CMS Medicare Part D spending data, the program spent $123.0M on this drug, covering 48,000 beneficiaries across 424,000 claims.

A generic version of this drug is available, which means lower-cost alternatives exist. Patients should ask their pharmacist about generic Iloperidone or talk to their doctor about therapeutic alternatives that may cost less.

Price Breakdown

Avg cost per claim (30-day)$290.00
Avg annual cost per patient$2,563.00
Total Medicare spending$123.0M
Total claims424,000
Beneficiaries48,000

Drug Details

Brand Name
Fanapt
Generic Name
Iloperidone
Active Ingredient
Iloperidone
Manufacturer
Vanda
Dosage Form
N/A
Route
N/A
Condition
Mental Health
FDA Application
BLA125057

Frequently Asked Questions

Fanapt (Iloperidone) costs an average of $290.00 per claim based on Medicare Part D data. The estimated annual cost per patient is $2,563.00. Actual out-of-pocket costs depend on your insurance plan and pharmacy.

Yes, a generic version of Fanapt (Iloperidone) is available. Generic medications typically cost 80-95% less than brand-name drugs. Ask your pharmacist about generic Iloperidone.

Medicare Part D spent $123.0M on Fanapt, covering 48,000 beneficiaries across 424,000 claims. This makes it one of the tracked drugs in the Medicare spending dashboard.

Ask your pharmacist about generic Iloperidone, which is typically much cheaper. You can also compare prices at different pharmacies, use prescription discount programs, or ask your doctor about therapeutic alternatives in the same drug class.

Cost data reflects Medicare Part D spending and may not represent retail pharmacy prices. Average cost per claim represents the total drug cost (not patient out-of-pocket) divided by total claims.