May 24 (UPI) — The Food and Drug Administration on Friday approved a $2.125 million treatment for spinal muscular atrophy, a genetic illness known as muscle-wasting disease that kills many babies before they turn 2.

The price tag makes the gene therapy the most expensive drug in history.

One in 11,000 babies are born with SMA, a genetic condition that destroys the nerves that control muscles. It is a leading genetic cause of infant mortality.

Today’s approval marks another milestone in the transformational power of gene and cell therapies to treat a wide range of diseases,” said FDA acting Commissioner Ned Sharpless.

The drug, Zolgensma, is a one-time treatment, whereas existing treatments, which cost hundreds of thousands of dollars a year, must be repeatedly taken. Novartis, the company that makes Zolgensma, said it costs about the same as five years worth of existing drugs for the condition.

The treatment is specifically for children less than two years of age with SMA.

“We believe by taking this responsible approach, we will help patients benefit from this transformative medical innovation and generate significant cost savings for the system over time,” Novartis CEO Vas Narasimhan said in a statement.

“Zolgensma is a historic advance for the treatment of SMA and a landmark one-time gene therapy. Our goal is to ensure broad patient access to this transformational medicine and to share value with the healthcare system.”

The company said it is working with as least 12 insurance companies to provide coverage for the drug.

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