Gilead Science releases pricing plan for COVID-19 drug Remdesivir

FILE – This is an April 30, 2020, file photo showing Gilead Sciences headquarters in Foster City, Calif. The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course for people covered by government health programs in the United States and other developed countries. (AP Photo/Ben Margot, File)

OAN Newsroom
UPDATED 10:20 AM PT — Monday, June 29, 2020

Drug manufacturer Gilead released its pricing plan for the COVID-19 drug Remdesivir.

The company reportedly plans charge the U.S. government $390 a dose, which will cost patients on Medicare at least $2,300 for the shortest coronavirus treatment cycle.

It will also charge non-government buyers such as hospitals $520 per dose, in turn, costing patients with private insurance at least $3,100 per treatment cycle.

During an interview Monday, the company’s CEO Daniel O’Day defended the company’s pricing.

“The same focus went into the price and although this medicine adds significant value to the healthcare system by reducing the hospital days, we decided to price this at a very extraordinary time in a unique way,” he stated. “We priced it at the value, at the price that allows for access across the developed world.”

Gilead is set to begin selling Remdesivir on July 1.

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Amber Coakley
Author: Amber Coakley

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