Posted on 06/29/2020 7:03:35 AM PDT by upchuck
Gilead Sciences announced the price Monday for remdesivir, and said the price would be $3,120 for patients with private insurance. The amount that patients pay out of pocket depends on insurance, income and other factors.
“We’re in uncharted territory with pricing a new medicine, a novel medicine, in a pandemic,” Gilead’s chief executive, Dan O’Day, told The Associated Press.
“We believe that we had to really deviate from the normal circumstances” and price the drug to ensure wide access rather than based solely on value to patients, he said.
However, the price was swiftly criticized; a consumer group called it “an outrage” because of the amount taxpayers invested toward the drug's development.
(Excerpt) Read more at sfgate.com ...
The article says $70,000,000 of taxpayer dollars were involved in the vaccine's development.
I’d just take the HCQ treatment...IF I could find it.
IT always boils down the money trail....just ask Fauxi. /s
This was entirely predictable. In fact, I believe many of us here called this.
Gosh, we had this other drug. Seemed like it worked pretty well. Very safe. Widely used. Only one problem: it was cheap. But fortunately, we found this other drug and it’s super expensive. So we’re good to go.
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Recouping sunk costs. It’s not exactly a new drug. Developed in 2009, it was ineffective against Hep-C. Later found to be ineffective against Ebola and Marburg virus. Along the way Gilead found antiviral activity against a number of viruses, including coronaviruses.
So...
A cheap drug if it saves your life.
A very expensive drug if it cures some flu like symptoms that would have went away anyways.
Remdesivir is not a vaccine, but a “broad-spectrum antiviral” drug.
https://www.gilead.com/purpose/advancing-global-health/covid-19/about-remdesivir
It is NOT specific for the “SARS2” coronavirus!
https://www.gilead.com/purpose/advancing-global-health/covid-19/about-remdesivir
And its efficacy against severe COVID-19 is not that great:
https://www.nejm.org/doi/full/10.1056/NEJMoa2007764
Gilead is trying to get away with a high price because there is nothing else available.
PHOOEY!!!!
If you think Gilead is overpricing this drug, wait until the first vaccine is hawked to the public. The money to be made is the reason why they are prolonging this scamdemic and the reason they denigrate drugs like HCQ and other already there cheap drugs. We will all end up paying the demanded prices through our taxes.
All this will be fixed just as soon as we give the medical community the ability to write checks directly from the US Treasury. ‘cause it’s private insurance that is the problem here.
Did you and your brain trust come up with any other ways to pay for new drug R&D too?
Oregon governor Kate Brown outlawed the use of hydroxychloroquin to allow Gilead’s medicine to be tested in Oregon hospitals.
The test results show that everything cures the Wuhan flu better than Gilead’s.
Different prices for those with and those without insurance. Those with are paying for those without. Big time. They don’t care, because they’re paying through their insurance.
Probably cost $50 in Canada.
Nobody would get rich and there'd be no leverage for controlling the masses.
When are we gonna fish or cut bait on Gilead/NIH/CDC criminally manipulating public coverage, President Trump?
Furthermore, Gilead has studied remdesivir and they know they are in a quandry -- the COVID virus clever self-repair machine will mutate to overcome remdesivir's gluing down the "A" in adenosine within a year or sooner -- so Gilead has to cash in NOW.
I never saw the depths of human depravity on such a massive global scale as I saw with the defamation of Raoult's protocol and Raoult himself, companies like Gilead willing to entertain and profit from the deaths of hundreds of thousands of people in the West (not India, mind you, who actually elevated PQL last week) in order to drive up their stock price.
We have permitted our humanity license to expire. War is next.
If diagnosed early, For less than $20 you can be cured with HCG+zinc+zpack within 72 hours.
It. Does. Not. Work. But the kickbacks are phenomenal, if you are well-connected.
My mind is not business savvy. Perhaps the above can be justified, but it burns me. I see these as similar to Equal Protection under the law. We should all have equal opportunity and be treated the same by our government. That's the theory anyway. In the business world, smart shoppers should be rewarded, but as a general principle, paying for a drug out of pocket or through insurance should not really affect the price. And yet it seems to. That just seems like palms getting greased.
More people who need to meet Biblical justice.
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