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The cost of COVID-19 drug remdesivir: $2,340 to $3,120 per patient

Original post made on Jun 29, 2020

Gilead Sciences, the manufacturer of an experimental antiviral drug used to shorten the effects of the COVID-19 disease, announced on Monday costs for remdesivir, which it claims is far below how drugs are usually priced.

Read the full story here Web Link posted Monday, June 29, 2020, 5:21 PM

Comments (5)

13 people like this
Posted by parent
a resident of Stanford
on Jun 29, 2020 at 6:42 pm

Research and development cost for this drug was paid for by your tax dollars. Is it right for them to charge us again to use the drug? Or is this just a big corporate ripoff?

2 people like this
Posted by Chris
a resident of University South
on Jun 30, 2020 at 8:10 am

This is the health care system your fellow citizens voted for. How about trying to influence them. At least, the pricing is far cheaper than cancer drugs and far cheaper than even a night in the hospital, so even at this pricing, it saves s lot of money.

8 people like this
Posted by Dan
a resident of Professorville
on Jun 30, 2020 at 9:09 am

Here in Palo Alto, it costs a lot more than $3,000 a night to be in the hospital.

It would have been nice for the Palo Alto version of this story too be adapted to local reality.

Spending $3,000 on this drug to avoid perhaps $20,000 to $50,000 which you might spend on 4 extra days at Stanford hospital seems like a pretty good bargain to me. Plus spending four less days in the hospital is kind of priceless...

Seems like a bargain to me.

2 people like this
Posted by C
a resident of Palo Verde
on Jun 30, 2020 at 10:40 am

I'll just add that this only one of many different treatments being researched to fight CoVid. Some treatments are actually inexpensive and based on existing medicine. We don't know what treatments will be used a year from now, but I'm glad to see these promising treatments.

Meanwhile, practice social distancing and wear a mask. We still don't know the long-term effects of the virus, and you or a loved one doesn't need to find out the hard way when it's only a matter of time before a solution is found.

8 people like this
Posted by Marketing Guru
a resident of Another Palo Alto neighborhood
on Jul 1, 2020 at 1:36 am

Cost is what it actually costs to produce something. Price is whatever the market will bear.

Justifying the high price of Remdesivir by comparing it to the even more ridiculous price-tag for a hospital stay is circular logic, but this is of course exactly the rational the Gilead executive team used when pricing the drug.

India, Costa Rica, Australia, South Korea, Brazil, and Israel are all using the dirt cheap, decades old, Malaria/Lupus medication Hydroxychloroquine for early stage treatment of COVID-19, but Trump is also using it so it will probably kill you.

"Doctors and Patients Pawns in a Dangerous Political Brinkmanship" Web Link

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