Drug companies will undertake expensive research and development only when taxpayers contribute. This is unfair and counterproductive.
that the early development of remdesivir, an antiviral originally developed to treat hepatitis C, was taxpayer-funded., I raised a similar point about another Gilead antiviral, Solvadi, suggesting that the pharmaceutical companies should be taxed to cover the development costs currently borne by taxpayers.
With the pivot away from sponsoring basic science research, the pharmaceutical industry is essentially choking off innovation by overly relying on others to make basic discoveries. I hope that people with influence realize that since the success of capitalism is rooted in scientific progress and innovation, well-run companies should plow back some of their profits into basic research and development.This is surely a case of heads I win, tails you lose. U.S. taxpayers gave $70.
How much clearer can it become that instead of allowing corporations to suck up our taxes and subsequently charge us for the favor, we need a public healthcare system based not on profit but entirely on making care available to everyone? Curing COVID-19 isn’t optional, not if we ever hope to get back to normal. Yet how many infected Americans can afford to pay $3,000?At a time when nearly 130,000 Americans have died of COVID-19, Gilead has the opportunity to be the first knight in shining armor by giving this drug to the sick until further notice.
Just imagine: History would show that Gilead stepped forward and believed in people over profits. Instead, with at least $70.5 million received from taxpayers to develop remdesivir, Gilead is proving that the pharmaceutical sector is about money over goodwill.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
4 Editor-Approved Tips for Creating a No-Pressure Workout Routine4 Editor-Approved Tips for Creating a No-Pressure Workout Routine
Read more »
Sex workers in Africa lack food for taking HIV drugs during COVID-19As the coronavirus spreads in Africa, it threatens those who earn their living on the streets, including sex workers with HIV
Read more »
Crowding and the coronavirus: Why different parts of NYC have been hit harderInfection risk may be more related to the number of people in your home - not your hometown.
Read more »
Study finds hydroxychloroquine helped coronavirus patients survive betterA surprising new study found that the controversial antimalarial drug hydroxychloroquine helped Covid-19 patients better survive in the hospital.
Read more »
Khabib Nurmagomedov's Dad, Abdulmanap, Dead at 57 From CoronavirusKhabib Nurmagomedov's dad, Abdulmanap, has died from COVID-19 complications.
Read more »