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CLEARANCE: Vertex Pharmaceuticals Inc.'s hepatitis C drug Incivek received marketing approval Monday, about a week after the Food and Drug Administration approved a competing pill.

NEW ENTRY: Incivek and Merck and Co.'s Victrelis are both are taken three times a day as part of a drug cocktail, and they are significantly more effective than older drugs at curing hepatitis C, a chronic disease of the liver. Standard therapies cure less than half of all patients.

PRICE: Vertex says a 12-week course of Incivek treatment will cost $49,200, although it is offering financial support for some patients.

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