Fri, 03-Jul-2020
Monday 29 Jun 2020 , 12:33 pm

Gilead Prices COVID-19 Drug Candidate Remdesivir at $2,340 per Patient in U.S.

Remdesivir’s price has been a topic of intense debate since the U.S. Food and Drug Administration approved its emergency use COVID-19 patients in May.
By SIN Bureau
Share at:

Gilead Sciences Inc has priced its COVID-19 drug candidate remdesivir at $390 per vial for the United States and governments of other developed countries, it said on Monday, setting the price of a five-day course at $2,340 per patient.

The price for U.S. private insurance companies will be $520 per vial, the drugmaker said, which equates to a total of $3,120 per patient.

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

After this period, once supplies are less constrained, HHS will stop managing the allocation, the company said.

Price of remdesivir has been a topic of intense debate since the U.S. Food and Drug Administration approved its emergency use COVID-19 patients in May.

Experts have suggested that Gilead would need to avoid the appearance of taking advantage of a health crisis for profits.

Wall Street analysts have said the antiviral drug could generate billions of dollars in revenue over the next couple of years if the pandemic continues.

Read Here




Neha Mule

Neha writes articles on sectors including medicine, food, materials, and science & technology. A qualified statistician, she has the ability to observe and analyze the trends in global markets and write compelling articles that help CXOs in decision making. She is a bookworm and loves to read fiction, lifestyle, science and technology. Neha comes with 6 years of experience in content writing and editing that involves blog writing, preparation of study materials and OERs.

More from Neha Mule

Smart News, Updates and Insights Drive Smarter Decisions

Smart Industry News is a one stop shop of industry news across the globe. We have a team of experts who provides latest updates on industry news to our readers daily. The news available on our website is general information and does not provide our customers with any legal or professional advice specific to any industry...

sales@smartindustrynews.com
media@smartindustrynews.com

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
Follow Us:
© The News and Media Division of The Insight Partners 2019 | All Rights Reserved