This is evil. And the US government surrendered its right to negotiate drug prices. Big Pharma’s predatory practices are no different than oil and gas, the NRA, or the military-industrial-complex. Let’s reign ‘em in. #MedicareForAll
The Intercept @theintercept
11 Jul 2020
Gilead Sciences announced its Covid-19 therapy drug, remdesivir, will cost private insurers $520 for a single vial, hundreds of times its production cost, which researchers have estimated at 93 cents per dose. interc.pt/2ZXPyy3

Jul 14, 2020 · 3:20 AM UTC

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Replying to @marwilliamson @ProudSocialist
*rein
Replying to @marwilliamson @kasthomas
Trump will issue an executive order that all his family immediately buy stock in the company.
Replying to @marwilliamson
You're dam right ... they need to be reigned in!
Replying to @marwilliamson
Exactly.
Replying to @marwilliamson
MW, pharmaceutical companies pay for research. Pay their doctorates, scientists, pharmacists, sanitation workers, etc.. Are you thinking that 93 cents is good enough ? If that drug could save you or a family member, you would pay anything. Your not qualified to price a life.
Replying to @marwilliamson @joshfoxfilm
Here's the law Congress can use to reclaim those drug patents if they say prices are not "reasonable": law.cornell.edu/uscode/text/… They never use it because they're corrupt.
Replying to @marwilliamson @ProudSocialist
You are absolutely right, too much profit taking. Can profits be regulated to ensure drug companies recoup their expenses and realize a legitimate profit without the frenzy of the stock market?
Replying to @marwilliamson
We also have to get rid of the FDA.
Replying to @marwilliamson @ProudSocialist
Price gouging pharma - what a shock. You whiffed on the NRA though - protecting the little guy from big government violating the constitution.
Replying to @marwilliamson @ProudSocialist
Side note, but the Dems have branded it as “negotiating” prices. No, it’s setting the prices. The drug companies get no way.
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