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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUS buys up world stock of key Covid-19 drug remdesivir - No other country will be able to buy
No other country will be able to buy remdesivir, which can help recovery from Covid-19, for next three months at leastThe US has bought up virtually all the stocks for the next three months of one of the two drugs proven to work against Covid-19, leaving none for the UK, Europe or most of the rest of the world.
Experts and campaigners are alarmed both by the US unilateral action on remdesivir and the wider implications, for instance in the event of a vaccine becoming available. The Trump administration has already shown that it is prepared to outbid and outmanoeuvre all other countries to secure the medical supplies it needs for the US.
Theyve got access to most of the drug supply [of remdesivir], so theres nothing for Europe, said Dr Andrew Hill, senior visiting research fellow at Liverpool University.
Remdesivir, the first drug approved by licensing authorities in the US to treat Covid-19, is made by Gilead and has been shown to help people recover faster from the disease. The first 140,000 doses, supplied to drug trials around the world, have been used up. The Trump administration has now bought more than 500,000 doses, which is all of Gileads production for July and 90% of August and September.
MORE:
https://www.theguardian.com/us-news/2020/jun/30/us-buys-up-world-stock-of-key-covid-19-drug
leftieNanner
(15,100 posts)They certainly do now!!
This is unconscionable.
And if other countries come up with a cheaper, more effective treatment, we will go to the bottom of the list.
Same with a vaccine.
blitzen
(4,572 posts)CrispyQ
(36,470 posts)No, it's only for some people in the USspecifically, those who know & still support the Con.
Midnightwalk
(3,131 posts)It will be sold to middlemen to maximize trumps personal political and financial profit.
The rich can afford to outbid every one else so they will get their doses. The people with the right political connections will get theres. Regardless of what country they live in
Some doses may make it to swing states if they think it could secure a win. At that point theyll favor counties that matter.
The average magat especially those is red states dont have any better chance of getting a dose.
Overly cynical?
Marie Marie
(9,999 posts)tanyev
(42,559 posts)but they wont ask Americans to do the easiest, cheapest thing they can do to stop the virusWear.A.Mask.
Phoenix61
(17,006 posts)Ghost Dog
(16,881 posts)is most important.
pnwmom
(108,978 posts)For that you need social distancing and masks.
It's silly to say any of these measures is the "most" important. They're all important and should be used together.
erronis
(15,260 posts)Think the same thing is happening in England (once part of the UK/GB), Brazil, Hungary, Philippines - all with minor despots.
erronis
(15,260 posts)the peeResident and cronies, then it didn't happen.
Sounds very similar to FEMA grabbing all the N-95 masks from the states so Kushner could say "it's not the state's supply".
If there is a gawd, please do what needs to be done!!!!
Or maybe the gawd is just another power-hungry patriarch.
CrispyQ
(36,470 posts)malaise
(269,004 posts)no_hypocrisy
(46,114 posts)tried to buy the exclusive rights to a cure being cultivated in a German laboratory -- and it was thwarted by exposure of the scheme?
https://www.politico.eu/article/germany-confirms-that-donald-trump-tried-to-buy-firm-working-on-coronavirus-vaccine/
Newest Reality
(12,712 posts)Just kick the rest of the world into a pit!!!
Ghost Dog
(16,881 posts)... Shares of Gilead GILD, +3.19% gained 0.9% in trading on Monday following the pricing announcement made before the market opened. U.S. health officials separately said Monday morning that the government had reserved 500,000 courses of remdesivir for Americans through September, to be purchased by hospitals.
The cost of remdesivir for a 5-day course of treatment is $2,340 in all developed countries, a price tag that is similar to cost-effectiveness estimates previously shared by a drug-pricing watchdog organization. There is one exception, however; in the U.S., the cost for a patient who has commercial health insurance, including a plan through their employer and purchased on the health exchanges, is $3,120.
Because of the way the U.S. system is set up and the discounts that government health care programs expect, the price for U.S. private insurance companies will be $520 per vial, Gilead CEO Daniel ODay said in a statement.
(The cost per vial for people covered by government health plans, including Medicare, Medicaid, and the Department of Veterans Affairs, is $390.)...
https://www.marketwatch.com/story/gileads-covid-19-drug-costs-2340-experts-say-thats-a-responsible-price-2020-06-29
crickets
(25,980 posts)Bernardo de La Paz
(49,002 posts)roamer65
(36,745 posts)No coming into the US and going to it, permanently.
That would be a punishment and an effective way to stop the spread of CV.
Hekate
(90,690 posts)While Trumps gangsters are figuring out how best to monetize it, they will hang on to it like the dog in the manger.
Breathe, breathe. I can feel my blood pressure spiking.
moondust
(19,984 posts)Did they let the Pharmo Bro pig out of jail?
Maybe not (yet):
'Pharma Bro' Martin Shkreli Denied Release From Prison To Research Coronavirus Cure
GulfCoast66
(11,949 posts)He is in his late 40s. Was put in ICU with viral pneumonia in both lungs. They were talking putting him on a ventilator.
He started taking it last Wednesday I believe. Last I heard they were talking about releasing him tomorrow.
Like I said, we will never know it the drug did The job or he just healed on his own. But his doctor said it was the fastest he has seen someone recover from the shape he was in. I sure hope it proves to be that effective on most people.
Golden Raisin
(4,608 posts)The Magistrate
(95,247 posts)And commission manufacture in their own countries for their own people's use. The patent-holders will have to go whistle....
Disaffected
(4,554 posts)inevitable (assuming the manufacturing process is known or can be developed) and if Gilead does not license the process to other companies.
leftyladyfrommo
(18,868 posts)really good vaccine and then refuses to sell any of it to the US.
thecrow
(5,519 posts)Is he still?
marlakay
(11,468 posts)All the trillions we put out last 3 yrs.
GeorgeGist
(25,321 posts)and make their own.