Speaking at an interview at the J.P Morgan Healthcare Conference that's going on right now, BioMarin Pharmaceutical's (NASDAQ: BMRN) CEO Jean-Jacques Bienaimé went on to say that the company was considering a hefty $2 million to $3 million dollar price tag for its hemophilia treatment, Valrox. If approved, the drug would be the first gene therapy in the U.S. that targets inherited hemophilia, one of the most common types of hemophilia out there. Clinical results have shown significant improvements in patients, with the number of bleeding incidents dropping to zero for years after receiving a Valrox injection. Image source: Getty Images. Back in December, the Food and Drug Administration (FDA) received an application for Valrox from BioMarin. Although the pharmaceutical company doesn't know exactly when the FDA will come to a decision, the earliest management expects to find out would be in August. A costly treatment If approved, Valrox would become the most expensive drug in the world. Gene therapies tend to be quite expensive, with Novartis' Zolgensma, a treatment for spinal muscular atrophy, costing $2.1 million. Although BioMarin's CEO said that payers in the U.S. seem to be comfortable around the $2 million to $3 million price point based on other similar drugs, the company will also be open to alternative payment structures as well. Hemophilia, a condition where a patient's blood fails to clot and can't stop bleeding, is one of the more expensive conditions to treat. Current medications to treat the disease cost on average $270,000 annually per patient. While Valrox's price tag seems steep, the idea is that it will save medical costs in the long run. 10 stocks we like better than BioMarin PharmaceuticalWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and BioMarin Pharmaceutical wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Mark Prvulovic has no position in any of the stocks mentioned. The Motley Fool recommends BioMarin Pharmaceutical. The Motley Fool has a disclosure policy.Source