The Food and Drug Administration authorized Friday the emergency use of remdesivir for patients with severe cases of COVID-19. Drugmaker Gilead Sciences' lobbying hit a new high in the first quarter.
Gilead is donating the first 1.5 million doses of remdesivir, but after that, the company has declined to say what remdesivir's price might be. During a conference call with investors on Thursday about first quarter earnings, analysts asked Gilead CEO Daniel O'Day whether they could expect similar returns on remdesivir as they've seen with the company's other products.
Taxpayers helped fund research for remdesivir and other potential vaccines and treatments, so Schakowsky added a line to the"The line in the bill essentially said that any drug that was made with any money from taxpayers would have to have reasonable pricing," she said. But, she added, a problem arose when another line made its way into the final bill that undercut the pricing assurance.
"It seems to me then that we are in a hostage situation if that's the view of the federal government and the people in charge," Schakowsky said."If this is what they want to extract from consumers in order to cure it, it's immoral. And it will end in a lot of deaths because people won't be able to afford their drugs."
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