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Coronavirus

Gilead’s COVID-19 Treatment to Cost $3,120 Per US Patient

Gilead Sciences announced Monday the pricing for its coronavirus treatment remdesivir, saying it will cost $3,120 for a typical U.S. patient with commercial insurance.

The company announced its pricing plans in preparation for it to begin charging for the antiviral drug in July. The company has been donating doses to the U.S. government for distribution since it received emergency use authorization in May. 

The drugmaker said it will sell remdesivir for $390 per vial to governments “of developed countries” around the world, and the price for U.S. private insurance companies will stand at $520 per vial. In the U.S., that means Gilead will charge a lower price for government programs like Medicare and a higher price for privately insured people. The company said it has entered into agreements with generic manufacturers to provide the drug at a “substantially lower cost” in developing countries.

Read the source article at cnbc.com

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