Newly recommended drug for the treatment of COVID-19, Remdesivir has been been priced by its manufacturer, Gilead Sciences Inc at $390 or N150,789.50 per vial for patients in the United States as well as other developed countries.
The drug which is expected to be administered over a five day period is estimated to cost a total of $2,340 or N904,737.60 per patient.
The price of the COVID-19 drug set by its manufacturer on Monday however differs for US Private insurance companies which are expected to purchase the drug at $520 or N201,052.80 per vial and $3,120 or N1,206,316.80 per patient.
According to Gilead, the US Department of Health and Human Services (HHS) will manage allocation of Remdesivir to hospitals across the country until the end of September. This is expected to come to an end once supplies are constrained.
Although experts have argued that Gilead should not take advantage of a health crisis for profit on Remdesivir since it’s approval by the US Food and Drug Administration (FDA), this new price regime could limit its accessibility by developing economies across Africa and Latin America.
Analysts on wall Street have predicted that Remdesivir could generate billions of dollars in revenue if the COVID-19 pandemic persists.
This is too extremely exorbitant; how many people can afford it?
Thanks for the update
How are we sure this people are not just trying to make money with people for all this covid 19 drugs
This is too extremely exorbitant; how many people can afford it?
Very soon another will come out with his own that cost 2.5m
This amount is too much now
This is too expensive to afford,wetin the poor wants go do now.
That is excellent for the discovery, yes the one but is not for poor people, it is meant for the rich people becouse it is too cost for even average people to buy they can not afford.
More people are going to die..what happen for a drug 200k
Nwaoo which kind wickedness be this,wetin poor people go do now, in that case we are going to loose a lot of soul.
It’s so sad that people can’t be compassionate in these troubled times
Do we always have to try to scavenge each other?
It means the poor can not affort the drug
You don’t mean it?
Such a amount of money for what naaa