Drug company to charge thousands for coronavirus treatment

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Price of $3,120 for patients with private insurance draws criticism. Out-of-pocket costs depend on insurance, income and other factors.

The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course for people covered by government health programs in the United States and other developed countries.

“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. In the U.S., federal health officials have allocated the limited supply to states, but that agreement with Gilead will end after September. They said Monday that the government has secured more than 500,000 additional courses that Gilead will produce starting in July to supply to hospitals through September.

Remdesivir’s price has been highly anticipated since it became the first medicine to show benefit in the pandemic, which has killed more than half a million people globally in six months. “This is a high price for a drug that has not been shown to reduce mortality,” Dr. Steven Nissen of the Cleveland Clinic said in an email. “Given the serious nature of the pandemic, I would prefer that the government take over production and distribute the drug for free. It was developed using significant taxpayer funding.”“This is a drug that received at least $70 million in public funding” toward its development, he said. “Remdesivir should be in the public domain.

 

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American entrepreneurship in action: fuck all, I want money. Sheesh!

yay capitalism

Waste of money. Everyone knows gargling with bleach kills it.

The already got the Money up front /ASTRO ZENACA $$$$$ 1 billion..

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