Remdesivir appears to help some people recover faster and not die from coronavirus. How much is that worth to you? Based on an estimated cost of 93¢ to manufacture one daily dose and the estimated tens of millions in taxpayer support poured into remdesivir’s development, consumer advocate Public Citizen says a dollar a dose offers a reasonable profit to manufacturer Gilead Sciences. Yesterday, Gilead announced remdesivir will start at $390 per vial and a few thousand bucks for full treatment regimes, depending on who’s paying:
The drugmaker said it will sell remdesivir for $390 per vial to governments “of developed countries” around the world, and the price for U.S. private insurance companies will stand at $520 per vial.
…The majority of patients treated with remdesivir will receive a five-day treatment course using six vials of remdesivir, the company said. That would bring the government cost to $2,340 for patients on the five-day treatment and $3,120 for patients through commercial insurance.
The longer, 10-day treatment course, which uses an average of about 11 vials, will cost governments $4,290 per patient and $5,720 for a U.S. patient with private insurance [William Feuer, “Gilead’s Coronavirus Treatment Remdesivir to Cost $3,120 per U.S. Patient with Private Insurance,” CNBC, 2020.06.29].
Rather than basing its charge on its own manufacturing costs, Gilead figures it deserves a cut of all the money it will save us on hospital bills:
Use of the drug will help hospitals save about $12,000 per patient due to earlier hospital discharge, the company said. In April, the National Institute of Allergy and Infectious Diseases released results from its study that showed Covid-19 patients who took remdesivir usually recovered about four days faster than those who didn’t take the drug [Feuer, 2020.06.29].
Remdesivir appears to produce the best results among patients with mild cases of coronavirus; it does not appear to do much good for patients on ventilators. Meanwhile, dexamethasone, a low-dose steroid already on the market, cuts the risk of death from coronavirus by a third among patients on ventilators and a fifth among those on oxygen but may be risky for patients with mild cases of coronavirus. Dexamethasone costs less than a dollar a day.
Not so fast Master…..
https://www.rawstory.com/2020/06/absolute-robbery-gilead-announces-3120-price-tag-for-covid-19-drug-developed-with-70-million-in-taxpayer-funds/
We expected this. Price gouging is SOP for Big Pharma.