And it begins.... big pharma is here for COVID.

[Dulanic]

Sure didn't take long.... something that has a 30% change of "maybe" helping shorten the virus a little, but no known impact on mortality, $3100 please. This is after the $70 million + we gave drug maker to help. But they aren't looking to profit off COVID right? So how much do you think they'll ask for a vaccine?

Drug company to charge thousands for coronavirus treatment

Price of $3,120 for patients with private insurance draws criticism. Out-of-pocket costs depend on insurance, income and other factors.

www.nbcnews.com

I merged the 2 threads about remdesivir pricing.
admin allisolm

 

[ch33zw1z]

Haha, even at the $600 for low income peeps, ain't good enough. We're so fuct lol

 

[s0me0nesmind1]

Haha, even at the $600 for low income peeps, ain't good enough. We're so fuct lol

That is rather funny. You're talking folks who can't support $100 grocery bills let alone $600 for a vaccine.... Which this isn't even a vaccine - just a treatment if you do get the virus.

 

[MomentsofSanity]

And it only cost the American tax payers, what, $70,000,000 towards its development?

Pay up fuckers.

 

[balloonshark]

As if we needed another reason to wear a mask...

If you don't wear a mask then be prepared to pay the stupid tax.

 

[pauldun170]

Thanks to Republicans maintaining a system of American Bald Eagle Freedom lovin privatized health

Gilead Sciences Inc on Monday priced its COVID-19 antiviral remdesivir at $2,340 per patient for wealthier nations and agreed to send nearly all of its supply of the drug to the United States over the next three months.

The price tag is slightly below the range of $2,520 to $2,800 suggested last week by U.S. drug pricing research group the Institute for Clinical and Economic Review (ICER) after British researchers said they found that the cheap, widely available steroid dexamethasone significantly reduced mortality among severely ill COVID-19 patients.

https://finance.yahoo.com/news/gilead-prices-covid-19-drug-111703247.html

 

[HomerJS]

One more COVID-19 disadvantage for black people who are dying at a 3.5x greater rate then whites.

 

[Brainonska511]

Considering the cost of hospitalization, it seems like a heck of a bargain if it helps get people out of the hospital faster and avoid the ventilator.

 

[fleshconsumed]

There are currently 2.5 million active coronavirus cases in the US, and there will be many more than that. Let's say they can manufacture and sell 1,000,000 treatments, that's 2 Billion dollars right there. Any wonder why our healthcare costs so much?

 

[Brainonska511]

There are currently 2.5 million active coronavirus cases in the US, and there will be many more than that. Let's say they can manufacture and sell 1,000,000 treatments, that's 2 trillion dollars right there. Any wonder why our healthcare costs so much?

This will likely only go to people who need hospitalization, since at the moment, it is administered by infusion. So the real comparison to make is how much will we save in overall hospitalization costs by shortening people's need to stay there with this drug compared to a normal hospitalization.

 

[cytg111]

For someone who cant afford healthcare and otherwise disenfranchised, why dont you move to Europe? You will only have to work one job too, 8 hours, weekends off, free healthcare and 6 weeks "paid" vacation/year. Come get some .

 

[trenchfoot]

Hey, where's that ultimate capitalist Shkreli guy? Gilead could get some really good advice from him on how to control the market on essential life saving medicines/medical procedures.

 

[Fenixgoon]

For someone who cant afford healthcare and otherwise disenfranchised, why dont you move to Europe? You will only have to work one job too, 8 hours, weekends off, free healthcare and 6 weeks "paid" vacation/year. Come get some .

that's my backup plan if shit hits the fan here

 

[Fanatical Meat]

There are currently 2.5 million active coronavirus cases in the US, and there will be many more than that. Let's say they can manufacture and sell 1,000,000 treatments, that's 2 trillion dollars right there. Any wonder why our healthcare costs so much?

Coming here to state this exact thing but billion.

 

[ch33zw1z]

That is rather funny. You're talking folks who can't support $100 grocery bills let alone $600 for a vaccine.... Which this isn't even a vaccine - just a treatment if you do get the virus.

Yea, pretty strong disconnect between the haves and the have-nots.

 

[trenchfoot]

Goes hand in hand with keeping the cost of medical care high in order to justify the high cost of it all. Round-n-round we go.

 

[Dulanic]

nm

 

[Dulanic]

Considering the cost of hospitalization, it seems like a heck of a bargain if it helps get people out of the hospital faster and avoid the ventilator.

Considering this has no known impact on fatality, I wouldn't say for sure it even does that. Nor do I know that is a valid reasoning. That's like similar to saying a hospital saved your life, how much is that worth? A million? So charge that!

 

[fleshconsumed]

Coming here to state this exact thing but billion.

Thank you, that was a dumb error on my part.

 

[Brainonska511]

Considering this has no known impact on fatality, I wouldn't say for sure it even does that. Nor do I know that is a valid reasoning. That's like similar to saying a hospital saved your life, how much is that worth? A million? So charge that!

In the preliminary trial report in NEJM, remdesivir reduced median time to recovery by about 4 days and reduced the risk of death by 30%. Do you think 4 hospital days are cheap? This drug is a fucking bargain compared to only supportive care.

 

[Fanatical Meat]

Thank you, that was a dumb error on my part.

No problem I double checked my math
So easy to screw up

 

[Dulanic]

In the preliminary trial report in NEJM, remdesivir reduced median time to recovery by about 4 days and reduced the risk of death by 30%. Do you think 4 hospital days are cheap? This drug is a fucking bargain compared to only supportive care.

4 day reduction doesn't necessarily correlate to 4 hospital days. It may be but maybe it's 100% 6 day reduction for mild cases and 0 day for severe. I don't know. Either way I think it's a damn scam to charge this much when you got federal funding too. They were swearing how they weren't looking to profit on COVID, but they're full of shit.

Especially a rip off when the steroid treatments seem to do well if not better and reduced mortality rates.

 

[K1052]

4 day reduction doesn't necessarily correlate to 4 hospital days. It may be but maybe it's 100% 6 day reduction for mild cases and 0 day for severe. I don't know. Either way I think it's a damn scam to charge this much when you got federal funding too. They were swearing how they weren't looking to profit on COVID, but they're full of shit.

Especially a rip off when the steroid treatments seem to do well if not better and reduced mortality rates.

Different stages of illness require different treatments. Dexamethasone was detrimental to patients taking it too early before the inflammation response that's actually killing people gets roaring. Remdesivir and convalescent plasma need to be given early as possible to halt progression and improve recovery time.

 

[Brainonska511]

Especially a rip off when the steroid treatments seem to do well if not better and reduced mortality rates

It is inappropriate to compare efficacy data across clinical trials - too many confounding variables.

4 day reduction doesn't necessarily correlate to 4 hospital days. It may be but maybe it's 100% 6 day reduction for mild cases and 0 day for severe. I don't know. Either way I think it's a damn scam to charge this much when you got federal funding too. They were swearing how they weren't looking to profit on COVID, but they're full of shit.

I think they could have charged a whole lot more for this drug based on what other respiratory illnesses cost to treat in hospitals.

 

[cytg111]

Also, I knew this bullshit was coming, so I got in on the stock. Dont hate the player.