Pharma giant Gilead just announced they will charge nearly $2,500 for a COVID-19 treatment called Remdesivir. The thing is US taxpayers invested at least $70 million developing remdesivir while the cost of making the drug is $10 bucks
This isn't healthcare. This is extortion.
This isn't healthcare. This is extortion.
sources: "...a 10-day course of remdesivir should cost about $10, according to the ICER report." -NPR https://www.npr.org/sections/health-shots/2020/05/08/851632704/putting-a-price-on-covid-19-treatment-remdesivir
Public Citizen estimates *no less than $70 million in taxpayer money* invested to get remdesivir to market. Washington Post: https://www.washingtonpost.com/business/2020/05/26/remdesivir-coronavirus-taxpayers/
another juicy tidbit: US taxpayers provided the bulk of funding for Gilead's top 3 selling drugs, but Gilead doesn't pay taxes: "Gilead Sciences reaped a $1.2 billion deferred tax benefit by realigning the company's intellectual-property holdings last year" WSJ, April 2020
however mad you got when you read the first tweet about Gilead, if you know the full story of Gilead's robbery it would send you into inescapable rage https://www.wsj.com/articles/companies-save-billions-in-taxes-by-shifting-assets-around-globe-11586347201