Posted on 06/29/2020 10:04:12 AM PDT by CheshireTheCat
Today Pharmaceutical giant Gilead announced the pricing for its coronavirus drug remdesivir. Gilead said the drug will cost $520 per vial, or $3,120 for a six-vial treatment.
A previous report at Bloomberg noted the cost to manufacture remdesivir is only $9 per treatment. Hydroxychloroquine is only $1 per treatment!
China started mass producing the drug back in February. They want to cash in on the profits too.
(Excerpt) Read more at thegatewaypundit.com ...
I would not take it at all.
It is a matter of principle.
Which is why the international deprecation of Hydroxi was necessary.
It was developed for ebola, didn’t work.
It doesn’t work for the China virus, either.
first of all it is 3000 per complete course of treatment not per dose. Next i. your 9$ per dose did you factor in all the r and d and approval costs? I get it that people don’t like pharmaceutical companies but let’s at least be truthful in reporting
it matters not if it works.
if you want to get out of your Training-Burqas
you MUST take Gates/Soros/Xi/FauXi poison du jour.
3 Grand for a drug that can cause liver damage and organ failure? Hard pass.
Hydroxychloroquine appears to be ineffective in serious cases but there's a steroid that seems quite effective and it's very inexpensive.
What a drug costs to produce from the raw materials does not mean that's what it cost to develop and conservatives are not usually in the habit of denying a company development costs.
Enough with the conspiracy theories!
Provide to all US residents for free, send bill to China’s president.
“I get it that people don’t like pharmaceutical companies but let’s at least be truthful in reporting”
It is a hopeless cause.
Marginal cost of production is not the correct measure. First there are fixed cost like R&D that are not included in that statistic. Second it ignores that it’s a patented drug. Patented drugs usually cost more until the patents run out. If you want, you can abolish the patent laws but then that has consequences as well. Companies won’t spend the money to develop drugs unless you offer them patent protection.
One thought I had though is that if the government doesn’t want the drug to be priced at such a high level then it can condemn the patent by eminent domain. The government pays Gilead the value of the patent and then charges the consumer whatever the government wants.
All drugs have the potential to causes damage & organ failure.
So are you talking aboout the R&D to bring it to market to pretend it works for Ebola or the R&D to pretend it works (it does not) for Corona?
That cost was written off long ago when the Ebola thing belly flopped. I would rely on you for medical advice as you certainly know a lot more than I do about medical issues, but as with 99.9% of doctors you know nothing about business. It would be like me relying on a auto mechanic’s opinion as to what to do about my cholesterol.
Good points. I’m so tired of each side exaggerating the sh*t out of every single individual point.
Maybe if you do the math on this drug it’s horribly overpriced. Maybe not.
But all drugs cost very little to actually make each dose but millions or billions to get approved.
And in addition for every drug brought to market there are 9 others that do. it survive the process
And if you looked at the study the liver and organ damage were LESS with remdesivir than with placebo. Meaning it is unlikely the organ damage was caused by the remdesivir. But let’s not let facts get in the way
Hints at why ladders are so expensive. ;)
Those costs were written off ages ago. This is akin to payday loans with a 4000% interest rate. “Maybe” legal, but scummy as hell. Yes there are payday loans that charge 4000%.
Let’s also not forget that it basically cuts hospital stays from 15 to 11 days. For the government or insurance to save 4 days from a hospital, $3 grand is peanuts, a bargain.
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