Remdesivir helps coronavirus patients — but at what cost?

Politico

6 May 2020 - Drug maker Gilead is known for creating breakthrough drugs and selling them at a premium.

Gilead has rocketed into the public consciousness with one of the most promising coronavirus treatments, but the company’s history of sky high drug pricing is drawing increasing scrutiny from Congress about how much it will charge for remdesivir and who will get access.

But Gilead, which suffered through a spate of bad publicity in 2015 for charging $84,000 for a hepatitis C drug, isn’t just under fire over the potential price of its coronavirus treatment. It’s under pressure from Wall Street investors to recoup the $1 billion investment in remdesivir, which has been proven to accelerate recovery from the coronavirus.

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Michael Wonder

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Michael Wonder