Single course of Covid-19 treatment to cost $2,340 per patient - Gilead

Single course of Covid-19 treatment to cost $2,340 per patient - Gilead

Gilead agreed to donate its supply of remdesivir through the end of June, but it announced it will begin charging for the antiviral drug in July.

While there are still no COVID-19 treatments approved by the Food and Drug Administration, scientists have found some success in hastening the recovery time of severe patients by using remdesivir.

HHS has secured more than 500,000 treatment courses of the drug for American hospitals through September, the agency said on Monday.

Gilead has entered into an agreement with the U.S. Department of Health and Human Services (HHS), with the agency and states set to manage allocation to hospitals until the end of September.

In an open letter obtained by Fox News, Gilead Sciences CEO and Chairman Daniel O'Day said the price per vial of remdesivir would be $390 for government health care programs in developed countries, such as Medicare, equal to $2,340 per patient on a short, six-vial treatment. We also balanced that with our longer-term responsibilities: "to continue with our ongoing work on remdesivir, to maintain our long-term research in antivirals and to invest in scientific innovation that might help generations to come".

In 127 bad or center-revenue global locations, Gilead is making it possible for generic makers to source the drug two worldwide locations are executing that for all around $600 for each remedy study course.

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The Institute for Clinical and Economic Review, a nonprofit group that analyzes drug prices, said remdesivir would be cost-effective in a range of $4,580 to $5,080 if it saved lives. "Remdesivir, our investigational treatment, is the first antiviral to have demonstrated patient improvement in clinical trials for COVID-19 and there is no playbook for how to price a new medicine in a pandemic".

This is below the US$5,080 per course recommendation by USA drug pricing research group, the Institute for Clinical and Economic Review, last week. The formal go-ahead by the European Commission is expected to follow soon.

Peter Maybarduk, a lawyer at the consumer group Public Citizen, called the price "an outrage".

"This is a high price for a drug that has not been shown to reduce mortality", Dr. Steven Nissen of the Cleveland Clinic explained in an e mail. "This price will be offered to all governments in developed countries around the world where remdesivir is approved or authorized for use". "Given the serious nature of the pandemic, I would prefer that the government take over production and distribute the drug for free".

Analysts at Royal Bank of Canada said they saw revenue potential of $2.3 billion from the drug in 2020, helping offset more than $1 billion in development and distribution costs.

The drug is has emergency use authorization in the USA and Gilead has applied for full approval.

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