Tecvayli (teclistamab-cqyv) is a prescription drug designed to treat multiple myeloma in certain adults. Tecvayli’s cost may depend on factors such as your dosage, whether you have health insurance, and the pharmacy you use.

Tecvayli received accelerated Food and Drug Administration (FDA) approval in 2022. This means the FDA approved the drug based on initial data because many other treatment options aren’t available for multiple myeloma. The FDA will decide whether to give Tecvayli full approval after all of its studies have been completed.

The price you pay for Tecvayli can vary. It may depend on your treatment plan, your insurance coverage (if you have it), and the pharmacy you use. It’ll also depend on how much you have to pay for an office visit with your doctor to receive Tecvayli.

To find out how much you’ll pay for Tecvayli, talk with your doctor, pharmacist, or insurance provider. Or check out the section below to learn how much you can save by using an Optum Perks coupon.

To save money on your Tecvayli prescription, explore these Optum Perks coupons.

Save on your Tecvayli prescription

Save on Tecvayli without insurance.

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Location

47201

Dosage

3ml tecvayli (2 Vials)

Save money without using insurance

Simply show the Optum Perks coupon at your preferred pharmacy or order online and instantly save up to 80% without using insurance. The coupon doesn’t expire, so be sure to save it for refills.

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Retail price refers to the manufacturer’s published list price and is up to date as of 3/2023. Retail and discounted prices are U.S.-only and can vary based on region and pharmacy. We cannot guarantee that the discounted price listed here will exactly match the price at your pharmacy. Please contact your pharmacy for the exact price.

Optum Perks and Healthline are subsidiaries of RVO Health.

Pricing source:Perks.optum.com

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Tecvayli is a biologic drug, which means it’s made from parts of living organisms. It doesn’t come in a biosimilar form. Biosimilars are like generic drugs. Unlike generics, which are made for nonbiologic drugs, biosimilars are made for biologics.

Why is there such a cost difference between biologic drugs and biosimilar drugs?

Biologic drugs can be expensive because of the research and testing needed to ensure their safety and effectiveness. The manufacturer of a biologic drug can sell it exclusively for up to 12 years. When the biologic drug’s patent expires, other drugmakers can create biosimilar versions. This competition in the market may lead to lower costs for biosimilars. And because biosimilars are very similar to biologic drugs, they don’t need to be studied again. This can also lead to lower costs for biosimilars.

If you need help covering the cost of Tecvayli or understanding your insurance, check out these resources:

On these pages, you can find insurance information, details on drug assistance programs, and links to savings cards and other services.

If you have questions about how to pay for your prescription, talk with your doctor or pharmacist.

Below are answers to some frequently asked questions about Tecvayli and cost.

What’s the cost of Tecvayli with insurance?

The cost of Tecvayli with insurance depends on various factors. These include:

The cost may also depend on your dosage and other factors, such as your copay. (A copay is a set amount you pay for each prescription, based on the tier the drug is in).

To learn about the cost of Tecvayli with insurance, talk with your insurance provider or your doctor. They can let you know what you can expect to pay for Tecvayli.

Even if you have insurance, you can visit Optum Perks to get price estimates for Tecvayli when you use coupons from the site. It’s important to note that Optum Perks coupons cannot be used with any insurance copays or benefits. (Optum Perks is a sister site of Healthline.)

How does the cost of Tecvayli compare with that of similar drugs, such as elranatamab-bcmm (Elrexfio)?

The cost of Tecvayli compared with the cost of Elrexfio can depend on several factors, such as:

  • whether there are any savings programs available for the drug you’re prescribed
  • whether you have insurance or are paying out of pocket
  • how long your treatment lasts

For more information on the cost of Elrexfio, check out this article. If you have questions about the cost of Tecvayli compared with the cost of similar drugs, talk with your doctor, pharmacist, or insurance provider. They can share more details on treatment costs based on your specific situation.

If you have insurance, you may need to get prior authorization before your insurance provider will cover Tecvayli. This means your insurer and your doctor will discuss Tecvayli in regard to your treatment. Then, the insurance company will determine whether the drug is covered. If Tecvayli requires prior authorization and you don’t receive it before you start treatment, you could pay the full cost of the drug.

Be sure to ask your insurance company whether Tecvayli requires prior authorization.

Disclaimer: Healthline has made every effort to make certain that all information is factually correct, comprehensive, and up to date. However, this article should not be used as a substitute for the knowledge and expertise of a licensed healthcare professional. You should always consult your doctor or another healthcare professional before taking any medication. The drug information contained herein is subject to change and is not intended to cover all possible uses, directions, precautions, warnings, drug interactions, allergic reactions, or adverse effects. The absence of warnings or other information for a given drug does not indicate that the drug or drug combination is safe, effective, or appropriate for all patients or all specific uses.