Creating a vaccine capable of preventing the coronavirus that causes COVID-19 will take many months — if not a year or more. These are the steps involved.The company suggested it could have charged more based on the value the medicine provided, the typical approach drugmakers use in setting pricing for new and innovative therapies. It argued remdesivir could save $12,000 per patient by getting people out of the hospital faster.
Shares of the Foster City, Calif.-based drugmaker gained 1.6% to $75.75 in premarket trading Monday in New York. Through Friday, Gilead shares had gained 15% so far this year. Gilead also said Monday it had reached agreement with the Department of Health and Human Services to manage the allocation of remdesivir in the U.S. through September.
The coronavirus crisis in the U.S. is escalating as new cases of infection reach record highs. States such as Texas, Arizona and Florida are becoming overwhelmed, and plans to reopen their economies are being reversed.Some estimates have found that remdesivir would be cost effective at as much as $4,500 for a treatment course.
To date, Gilead has donated about a quarter of a million treatment courses of remdesivir, and it is bolstering supply rapidly. By the end of the year, it expects to produce around 2 million treatment courses.O’Day said pricing of the drug was a balancing act. On the one hand, a pandemic is raging for which there is no cure.
pricegouging just to support the board of directors and the ceos bonus packages healthcareinamerica betteroffdead
Does bill gates own this drug or get funds from each sale🤷🏻♂️
Face masks cost quite a bit less.
How much does remdesivir costs before covid. ?
This is ridiculously expensive.
This would make
FauciTheFraud HCQ +Azt for me NoVaccineForMe NoContactTracingForMe NoMask =Healthy Mask =Sick vulnerable (terrorist) Science Ask DrJudyAMikovits realDonaldTrump SecretaryCarson CDCDirector VP IngrahamAngle LouDobbs TuckerCarlson seanmdav SaraCarterDC SebGorka
Because life has a price.
Also once you read past the headlines! This isn't what the end consumer pays
These things don’t get created for free.
That's a lower price than what it cost each day I was in the ICU for ARDS/sepsis in late 2016, excluding medications and such.
Anthrax letters
Now do a story about how much money the pharmaceutical industry 'donates' to politicians and specifically what political party. $65Mil during the 2016 elections yet the russians $50k in Facebook adds is what was talked about. Who are the major of advertisers for the LA Times?
Just saying California. You're the wealthiest state on the planet. This drug would be $10 tops in Australia. Pretty sure it's the same in JustinTrudeau BorisJohnson and nzlabour .
Of course they do
Why we need MedicareForAll
Handmaidens tale reference?
Immoral .....
Hydroxychloroquine and Z-Pak works fine and costs a few dollars
Why must it be expensive? People are dying and drug is ridiculously expensive or does it mean covid 19 is another of enriching the wealthy, buy their drug?
The US government needs to yank the patent for remdesivir and license it to every manufacturer in the world.
An under-reported aspect of COVID-19 may be how devastating the financial repercussions are for low-income households who may not have health insurance.
Who dat gonna pay that price
Profit before people, America’s pharmaceutical industry.
Real News looks different.
Big pharma going to make a killing. They paid the media to bad mouth HCQ so they can sell people their more expensive drugs and have the government pay billions for them to develop a vaccine, which they will charge people for. Everybody fell for this play
In India, available for 450$ for 5 day treatment
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