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Gilead prices Covid-19 drug remdesivir at S$3,258 per patient in US

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Old 29-06-2020, 10:55 PM   #1
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Gilead prices Covid-19 drug remdesivir at S$3,258 per patient in US

WASHINGTON — Gilead Sciences has priced its Covid-19 drug candidate remdesivir at US$390 (S$543) per vial for the United States and governments of other developed countries, it said on Monday (June 29), setting the price of a five-day course at $2,340 (S$3,258) per patient.

The price for US private insurance companies will be US$520 per vial, the drugmaker said, which equates to a total of US$3,120 per patient.


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https://www.todayonline.com/world/gi...258-patient-us
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Old 29-06-2020, 10:56 PM   #2
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Its not even a cure
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Old 29-06-2020, 10:57 PM   #3
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Another trillion dollar coy in the making?

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Old 29-06-2020, 10:57 PM   #4
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Old 29-06-2020, 10:58 PM   #5
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Might as well just die from covid.
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Old 29-06-2020, 10:58 PM   #6
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Money making opportunity
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Old 29-06-2020, 10:59 PM   #7
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So kind, sell to govts subsidised $390.
Sell to insurance companies $520.

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Old 29-06-2020, 11:01 PM   #8
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They keep pushing this treatment.....
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Old 29-06-2020, 11:02 PM   #9
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Sigh.......

Capitalism

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Old 29-06-2020, 11:10 PM   #10
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Read before criticising

"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."

https://www.msn.com/en-us/money/tops...nt/ar-BB166MsJ

"Gilead Sciences Inc.’s move to charge less than expected for its coronavirus-fighting drug drew a debate on Wall Street, as analysts sparred over the company’s ability to recoup its more than $1-billion investment in developing and making the medicine."

"Spending more than $1 billion on developing and manufacturing remdesivir through year-end, it’s unclear how Gilead will recoup its investment in the near-term.

Highlighted that “Gilead has decided to price below value to ensure access and global need and remove the country-by-country negotiation.”"
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Old 29-06-2020, 11:12 PM   #11
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actually is cheap compared to their total hospital bills of few k per day
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Old 29-06-2020, 11:13 PM   #12
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Treatment drug or a cure drug?

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Old 29-06-2020, 11:14 PM   #13
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But I thought news came out, it is only stop gap measure for certain specific condition cases on intensive care?

For other cases, not found to be more effective than placebo?
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Old 29-06-2020, 11:20 PM   #14
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Another trillion dollar coy in the making?

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N it doesnt even need to help...

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Old 29-06-2020, 11:25 PM   #15
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Hydroxychloroquine is so much cheaper because it's a common anti malaria drug...

Now u know why ppl are anti Trump....he is anti big pharma....
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