it will sell remdesivir for $390 per vial to governments "of developed countries" around the world, and the price for U.S. private insurance companies will stand at $520 per vial. In the U.S., that means Gilead will charge a lower price for government programs like Medicare and a higher price for privately insured people.
While there are still no Covid-19 treatments approved by the Food and Drug Administration, scientists have found some success in shortening the recovery time of severely ill patients by using remdesivir. Given the potential to reduce costs for hospitals and to save lives, Gilead said its price of $390 per vial is "well below" the drug's value.
It has taken nearly two months for the company to announce a price for remdesivir since it received emergency authorization from the FDA to treat Covid-19 patients. In his open letter, O'Day said the pricing decision carried "significant responsibility" as it is the first antiviral drug shown to effectively treat Covid-19 in a major clinical trial.
?... May 28, 2016 Gilead: A Trump Stock Worth Considering...
Vitamin C and zinc. Also, hydroxychloroquine has been known for 15 years to dismantle Corona viruses. Absolutely a corrupt system
That isn't called price gouging. That's price trenching. The gov't ought to use the law for emergency procurement and pay them 10% above cost. Nobody should be able to profit off the misfortune of the world. That goes for PPE suppliers too
Research funded by American taxpayers. Profits to a company. Medicate for All now.
$390 is a crazy ripoff, over $520!? What the actual hell?
What a load of crap! Americans get screwed again
Completely wild that a company called Gilead would be terrible at optics.
Yes charge Americans more so that we can charge the ROW less. Makes sense.
Wasn't Obamacare supposed to solve these problems?
An ethical, moral company during this pandemic. No one should have any complaints about their pricing.
so big pharma wins again. coincidence dumpobamacare
And people still wonder why young Americans prefer democratic socialism.
Really now!
Hmmm, while hydroxychloroquine that Trump talked about is less than 1$ per pill.
You notice..he didn't answer the question if they are getting any profit.
He say ten years in development but not the 12 years it has been in use. Also a significant amount of taxpayer money was provided for the initial development and tax $'s thru universities have done most of the research on alternative uses. Cost to make rumored at less than $20
Here its goes👇 Once you see Global Market carnage, immediately two flash news start pouring👉MEDIA ✍️Coronavirus vaccines success story, near dates for launch ✍️Second wave reason for downfall Investor getting wise & don't get trapped on such News played by Media Houses🤠
Pharmaceutical companies really want to be like Marie Antoinette, huh... 🤣
Profiting off a pandemic. You've shown us who you are now!
people will rather quarantine than spend $3,100 for a pill that probably wont work, and will probably have a million side effects. coronavirus
After extensive lobbying, we decided this is the max we can extort.
yes, the way that makes him the most money.
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