Things like this have been going on for a long time. US grants funding to universities for research then the professors and undergrads, often patents in tow, working on successful projects "spin off" and either go work for pharma or start a company that gets bought by pharma. It's so common nobody even bats an eye. Just as a final spit in the eye of the taxpayer, they charge you to see publications on these grants. Certain fields are just cover for black projects and there may be an argument to be made for national security work but applied life sciences isn't one of those fields.
It doesn't even seem to be that amazing of a drug.
According to a study that I've seen referenced on several news outlets including the National Health Institute, "the median time to recovery was 11 days for patients treated with remdesivir compared with 15 days for those who received placebo".
"Trial results also suggested a survival benefit, with a 14-day mortality rate of 7.1% for the group receiving remdesivir versus 11.9% for the placebo group; however, the difference in mortality was not statistically significant." Does that man 7.1% of the patients died within 14 days? That seems rather high.
I think I heard it the other day a doctor or scientist said that HCQ has been shown to be much more effective. Now we have verified studies that show it is.
One of Laura Ingraham's "medicine cabinet" guests, Dr. Ramin Oskoui, recently said Remdesivir really isn't doing much of anything. He's treating patients with HCQ.
Paid to develop? Its being trotted out for the FOURTH time after it failed to do jack shit for the first three diseases they tried treating with it. Gilead literally said "hey remember that failed drug we haven't been able to sell? Let's try it on Covid"
I am sure you remember everything you were taught in high school. /s
The fact that there are examples of kids graduating and being illiterate demonstrates that there are certainly holes in the American public education system.
Source: I graduated from an American public school in New York.
Yeah spent some time in the financial side of the healthcare industry and you can have 100 drugs in the pipeline and have 5 get approval from FDA you're not paying for the vaccine, you're paying for the dozen failures that they still had to pay doctors and equipment costs and will never see a profit from.... That being said I'm not taking it.
it did not cost 10$ to produce, there's an army of doctors and biochem people being paid to develop these things. Did it cost 10$ to hire a doctor for years of research? Also if this was funded by the government then isn't it on the government for not putting anything in the contract controlling price?
The government throws grant money at University labs to conduct research which appears to be the case being claimed for this. The university lab developed it then likely sold the patent for a lot of money. The middle man makes it hard for the government to get any control.
That said I'm pretty sure the whole point of the complaint is that our government is routinely funding expensive research and other people are profitting. It is something that should be fixed.
$10 on average cost per pill/dose/bottle - selling the same dose at $3,000. A 99.7% profit margin. Of course they didn’t only spend $10 in total to develop.
Things like this have been going on for a long time. US grants funding to universities for research then the professors and undergrads, often patents in tow, working on successful projects "spin off" and either go work for pharma or start a company that gets bought by pharma. It's so common nobody even bats an eye. Just as a final spit in the eye of the taxpayer, they charge you to see publications on these grants. Certain fields are just cover for black projects and there may be an argument to be made for national security work but applied life sciences isn't one of those fields.
I wonder how long the rona panic would last if an EO happened that capped their med prices.
It doesn't even seem to be that amazing of a drug.
According to a study that I've seen referenced on several news outlets including the National Health Institute, "the median time to recovery was 11 days for patients treated with remdesivir compared with 15 days for those who received placebo". "Trial results also suggested a survival benefit, with a 14-day mortality rate of 7.1% for the group receiving remdesivir versus 11.9% for the placebo group; however, the difference in mortality was not statistically significant." Does that man 7.1% of the patients died within 14 days? That seems rather high.
I think I heard it the other day a doctor or scientist said that HCQ has been shown to be much more effective. Now we have verified studies that show it is.
Ya, but can you charge as much for it?
Code red. We have a thinker.
This.
Consume product.
Look forward to next product.
One of Laura Ingraham's "medicine cabinet" guests, Dr. Ramin Oskoui, recently said Remdesivir really isn't doing much of anything. He's treating patients with HCQ.
Paid to develop? Its being trotted out for the FOURTH time after it failed to do jack shit for the first three diseases they tried treating with it. Gilead literally said "hey remember that failed drug we haven't been able to sell? Let's try it on Covid"
Whoa, got a source?
Wikipedia (4th paragraph)
Remdesivir was originally developed to treat hepatitis C[16] and was then tested against Ebola virus disease and Marburg virus disease, but was ineffective for all of these viral infections.[2]
It's better if you click the number on the note and get the link.
I figured most people know how citations work
Richard Feynman: Magnets, how do they work?
Insane Clown Posse: Fucking magnets, how do they work?
Lol Richard Feynman is awesome...a genius and quite a character as well...
Richard Feynman plays the bongos
Most people here are products of America’s public schools.
There is no harm in reminding them.
America's public schools teach kids how to write a research paper by the time they graduate high school...
I am sure you remember everything you were taught in high school. /s
The fact that there are examples of kids graduating and being illiterate demonstrates that there are certainly holes in the American public education system.
Source: I graduated from an American public school in New York.
Saving this, thanks
Crack?
Free Shkreli
$10 in material costs. How much in R&D? And how much in R&D in the drugs that failed and never reached market?
Yeah spent some time in the financial side of the healthcare industry and you can have 100 drugs in the pipeline and have 5 get approval from FDA you're not paying for the vaccine, you're paying for the dozen failures that they still had to pay doctors and equipment costs and will never see a profit from.... That being said I'm not taking it.
So...how much?
Do we get anything special for the $70M? Has other companies used this? What is the criteria for getting the money?
Do we get anything? 😆🤣
We are not morally obligated to subsidize their poor decisions.
And this is why HCQ is shunned.
That's crazy. Dr. Raoult is a hero to the people. The government is harming the people.
hot fucking garbage, but also sounds about right
Sneaky lol
We all saw this coming.
This is why “Hydroxychloroquin bad”.
(HCQ costs like $2 a dose - if that).
Okay. Fuck everything.
Too bad the drug is worthless.
I sold off the few stocks I had in Gilead yesterday.
it did not cost 10$ to produce, there's an army of doctors and biochem people being paid to develop these things. Did it cost 10$ to hire a doctor for years of research? Also if this was funded by the government then isn't it on the government for not putting anything in the contract controlling price?
The government throws grant money at University labs to conduct research which appears to be the case being claimed for this. The university lab developed it then likely sold the patent for a lot of money. The middle man makes it hard for the government to get any control.
That said I'm pretty sure the whole point of the complaint is that our government is routinely funding expensive research and other people are profitting. It is something that should be fixed.
$10 on average cost per pill/dose/bottle - selling the same dose at $3,000. A 99.7% profit margin. Of course they didn’t only spend $10 in total to develop.