Gilead's $2,340 price for coronavirus drug draws criticism


https://www.sfgate.com/news/article/Gilead-prices-coronavirus-drug-at-2-340-for-rich-15373236.php

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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.

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Efficacy vs Covid-19 (not that great)


Remdesivir for the Treatment of Covid-19 Preliminary Report




https://www.nejm.org/doi/full/10.1056/NEJMoa2007764

Shock Testimony of Professor Raoult at French National Assembly



http://covexit.com/shock-testimony-of-professor-raoult-at-french-national-assembly/


This is a life and death struggle folks...

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Recommendation of an inquiry into Gilead / Remdesivir

Professor Raoult suggested the members of parliament that an investigation takes place into Gilead Science. He is very adamant about a negative role having been played by the corporation during the pandemic. For him, Gilead Science's drug, Remdesivir, initially developed for Ebola, never was a realistic option for treating COVID-19 patients. He also mentioned the stock exchange speculation that took place in connection with information becoming available regarding remdesivir and HCQ. He sees Gilead as a company operating with little personnel, with few products, but with tremendous influence.


Conflicts of Interest Abound in the Medical Profession

A significant part of the testimony of Professor Raoult was about the various conflicts of interest in the medical sector. He reminded how declarations of conflicts of interest came about in the medical field, as pharmaceutical companies have provided financial support and other benefits, including trips, for years, to medical doctors. He mentioned the example of Merck having offered fake professional trips to China to French doctors. Without using the word corruption, he suggested such "ecosystem" brings doctors to share similar views as the pharmaceutical industry.


Anonymous Death Threats Originating from Individual with Links to Gilead

Professor Raoult testified that, shortly after he started to talk about HCQ as a treatment, in March, he received anonymous death threats. He filed a complaint with the police, and an enquiry was opened by the French judiciary. The medical doctor behind the threats was found and happens to be from a Nantes university hospital. It happened to be the person who received the most money from Gilead over the past 6 years. Professor Raoult presents this as a "personal experience." In his testimony, he remained diplomatic and suggested "to be attentive to this level of problem."

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Prohibition of Hydroxychloroquine Was Wrong

Professor Raoult reminded the members of parliament that until last year, hydroxychloroquine was a very commonly prescribed over the counter drug, and that suddenly, it became kind of a poison. He said that he was in disagreement with its prohibition by the State, and was very surprised that the medical board had accepted such prohibition, suggesting he would have immediately resigned, would he have seated on that board.


HCQ in the Middle of a US "Civil War"

Professor Raoult briefly commented on the US situation, and referred to a country in civil war, with hydroxychloroquine being in the middle of it. He said that Dr Fauci, when first studies came out about SARS, had initially declared that hydroxychloroquine was the suitable medication. He said it was not him who recommended to President Donald Trump to recommend hydroxychloroquine.

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They set the price pretty much exactly where the pharma price watchdog groups said they should.

Doesn't seem unreasonable as the bill to insurance price.

OP is clearly against capitalism.

They invented a better drug, they should make money on it until something better comes along. And then that company can make even more money. And so on amd so on.

High drug prices have a very, very easy solution: if you think the price is too high, don't take the drug. Simple.

Rachel 98 said:

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Picadillo said:

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a very commonly prescribed over the counter drug

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This seems like an oxymoron to me....? If a drug is OTC then it doesn't need to be prescribed.

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Doctors still prescribe OTC meds. However hydroxychloroquine wasn't OTC as far as I'm aware.


Also, Gilead definitely did some gaming the system in order get it designated as an orphan drug. However, after people caught on, I think they decided it wasn't worth the publicity.

Also, I'm still skeptical that this drug lives up to the hype.