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The Pharma Drug That Is Bankrupting America

Posted by stan_the_man70 on February 20, 2015, at 2:56:51

In reply to Why is 20% of the population mentally ill ?, posted by stan_the_man70 on February 20, 2015, at 2:21:50

http://www.alternet.org/drugs/pharma-drug-bankrupting-america
----------- reference quote

The Pharma Drug That Is Bankrupting America

How can Gilead Sciences charge $84,000 for a drug that costs less than $300 to produce?

The basic facts are these. In December 2013, the Food and Drug Administration approved Sovaldi, and another formulation, Harvoni, which is sofosbuvir used in combination with another drug. Gilead set the price for a 12-week treatment course of Sovaldi at $84,000, amounting to $1,000 per pill. Gilead set the price of Harvoni at $94,000.

According to researchers at Liverpool University, the actual production costs of Sovaldi for the 12-week course is in the range $68-$136. Indeed, generic sofosbuvir is currently being marketed in India at $300 per treatment course, after India refused to grant Gilead a patent for the Indian market. In other words, the U.S. price-cost markup is roughly 1,000-to-1!


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URL: http://www.dr-bob.org/babble/20150129/msgs/1076928.html