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kpete

(71,994 posts)
Tue Jun 30, 2020, 05:12 PM Jun 2020

US 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 least

The 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.

“They’ve got access to most of the drug supply [of remdesivir], so there’s 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 Gilead’s 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
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US buys up world stock of key Covid-19 drug remdesivir - No other country will be able to buy (Original Post) kpete Jun 2020 OP
Well, if they didn't hate us all before leftieNanner Jun 2020 #1
And it's going to cost about $400 a dose, or so I read yesterday. n/t blitzen Jun 2020 #2
This story needs a major correction: CrispyQ Jun 2020 #3
Who it goes matters not at all Midnightwalk Jun 2020 #6
I'm sure that he will share that supply with Putin. Marie Marie Jun 2020 #25
OMG, they'll spend all that money and hog the entire supply, tanyev Jun 2020 #4
Billionaires won't get rich on that. nt Phoenix61 Jun 2020 #5
Actually, keeping hands clean & avoiding touching your face Ghost Dog Jun 2020 #12
Keeping your hands clean won't do anything to keep germs from being breathed in. pnwmom Jun 2020 #28
That would go against their goals. Kill Americans, and PROFIT. erronis Jun 2020 #13
Was this purchase made through a few shell companies/friends of the dumps? If there wasn't $$$$ for erronis Jun 2020 #7
Spot on. on your last sentence. CrispyQ Jun 2020 #9
Always follow the money malaise Jun 2020 #11
Don't y'all remember a few months back regarding the story where Trump/the WH no_hypocrisy Jun 2020 #8
THIS IS SPARTA! Newest Reality Jun 2020 #10
Pariahs. Ghost Dog Jun 2020 #14
Is it time to play "Proud to be an American" yet? crickets Jun 2020 #15
Will it be distributed according to need or according to greed? Bernardo de La Paz Jun 2020 #16
The EU may make American travel ban both ways. roamer65 Jun 2020 #17
The rest of the world is going to hate the hell out of us & who can blame them? Hekate Jun 2020 #18
Shkreli? That you? moondust Jun 2020 #19
It may have helped save one of my coworkers. Of course we will never know for sure. GulfCoast66 Jun 2020 #20
Go USA! Making friends all over the globe! Golden Raisin Jun 2020 #21
Other Governments Will Assert Emergency Authority, Sir The Magistrate Jun 2020 #22
I believe that will be Disaffected Jun 2020 #24
Just wait until some other country comes up with a leftyladyfrommo Jun 2020 #23
Wasn't Rumsferatu somehow connected to Gilead ? thecrow Jun 2020 #26
I am surprised we have any money left after marlakay Jun 2020 #27
Then they should band together ... GeorgeGist Jun 2020 #29

leftieNanner

(15,100 posts)
1. Well, if they didn't hate us all before
Tue Jun 30, 2020, 05:15 PM
Jun 2020

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.

CrispyQ

(36,470 posts)
3. This story needs a major correction:
Tue Jun 30, 2020, 05:16 PM
Jun 2020
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.


No, it's only for some people in the US—specifically, those who know & still support the Con.

Midnightwalk

(3,131 posts)
6. Who it goes matters not at all
Tue Jun 30, 2020, 05:26 PM
Jun 2020

It will be sold to middlemen to maximize trump’s 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 there’s. 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 they’ll favor counties that “matter”.

The average magat especially those is red states don’t have any better chance of getting a dose.

Overly cynical?

tanyev

(42,559 posts)
4. OMG, they'll spend all that money and hog the entire supply,
Tue Jun 30, 2020, 05:17 PM
Jun 2020

but they won’t ask Americans to do the easiest, cheapest thing they can do to stop the virus—Wear.A.Mask.

pnwmom

(108,978 posts)
28. Keeping your hands clean won't do anything to keep germs from being breathed in.
Tue Jun 30, 2020, 07:38 PM
Jun 2020

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)
13. That would go against their goals. Kill Americans, and PROFIT.
Tue Jun 30, 2020, 05:39 PM
Jun 2020

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)
7. Was this purchase made through a few shell companies/friends of the dumps? If there wasn't $$$$ for
Tue Jun 30, 2020, 05:27 PM
Jun 2020

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.

no_hypocrisy

(46,114 posts)
8. Don't y'all remember a few months back regarding the story where Trump/the WH
Tue Jun 30, 2020, 05:29 PM
Jun 2020

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/

 

Ghost Dog

(16,881 posts)
14. Pariahs.
Tue Jun 30, 2020, 05:43 PM
Jun 2020

... 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 O’Day 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

roamer65

(36,745 posts)
17. The EU may make American travel ban both ways.
Tue Jun 30, 2020, 05:50 PM
Jun 2020

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)
18. The rest of the world is going to hate the hell out of us & who can blame them?
Tue Jun 30, 2020, 05:56 PM
Jun 2020

While Trump’s 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.

GulfCoast66

(11,949 posts)
20. It may have helped save one of my coworkers. Of course we will never know for sure.
Tue Jun 30, 2020, 06:03 PM
Jun 2020

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.

The Magistrate

(95,247 posts)
22. Other Governments Will Assert Emergency Authority, Sir
Tue Jun 30, 2020, 06:28 PM
Jun 2020

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)
24. I believe that will be
Tue Jun 30, 2020, 06:40 PM
Jun 2020

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)
23. Just wait until some other country comes up with a
Tue Jun 30, 2020, 06:35 PM
Jun 2020

really good vaccine and then refuses to sell any of it to the US.

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