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& #39;t healthcare. This is extortion.
This isn& #39;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">https://www.npr.org/sections/...
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/">https://www.washingtonpost.com/business/...
another juicy tidbit: US taxpayers provided the bulk of funding for Gilead& #39;s top 3 selling drugs, but Gilead doesn& #39;t pay taxes: "Gilead Sciences reaped a $1.2 billion deferred tax benefit by realigning the company& #39;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& #39;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">https://www.wsj.com/articles/...