Thread by @DrEricDing

📍HIGHWAY ROBBERY:

Remdesivir, made by @GileadSciences, has now set the price ➡️ $2,300 to $3,100 per patient.

So how much does it cost to produce each vial?

➡️ Just $1.

US taxpayers also had paid for the drug’s NIH trial.

Borderline criminal drug pricing.

#COVID19

2) As result, @PATreasurer @JoeTorsella is demanding @GileadSciences change the pricing and recognize the contribution of American taxpayers and demand the end of pharma price gouging. patreasury.gov/newsroom/archi…

3) “It is immoral for any company to reap excessive profits from a treatment against a global pandemic. American taxpayers deserve a fair price for a drug they already paid to develop. In these turbulent economic conditions, each new breakthrough in treatment or prevention...”

4) “of #COVID19 has an effect on the stock market & uncompetitive, non-negotiable pricing hurts shareholder value. Now is not the time to squeeze extravagant costs from hospitals, taxpayers, or families for a vial that costs only $1 to create.”
@JoeTorsella, @PATreasurer.

5) “In a clinical study sponsored by the NIAID, remdesivir was found to be effective at modestly shortening recovery time by four days, on average, but did not reduce fatalities. The development of remdesivir was funded by at least $70 million in U.S. taxpayer dollars in 2015”

6) SIDENOTE: insulin price gouging of $300/vial has also gone on for way too long. Same for EpiPen price gouging. Same for hepatitis drug. Same for so many drug prices that are just too damn high.

7) Every week is shark week.

8) I’ve been fighting big pharma for many years. To stop them we need to make our elected leaders pledge to not take corporate pharma PAC money. It’s the bare minimum.