The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course for people covered by government health programs in the United States and other developed countries.
Gilead Sciences announced the price Monday for remdesivir, and said the price would be $3,120 for patients with private insurance. The amount that patients pay out of pocket depends on insurance, income and other factors.
“We’re in uncharted territory with pricing a new medicine, a novel medicine, in a pandemic,” Gilead’s chief executive, Dan O’Day, told The Associated Press. Read the full story here:
Here's an update on all developments. Scroll or swipe further for in-depth coverage.
- Governments are stepping up testing and reimposing restrictions as newly confirmed coronavirus infections surge in many countries. India reported 20,000 on Monday, while the caseload in the U.S. is growing by about 40,000 a day.
- The United States on Monday reported 38,800 newly confirmed infections, with the total surpassing 2.5 million, or about a quarter of the more than 10 million cases worldwide, according to a tally by Johns Hopkins University.
- The European Union is edging toward finalizing a list of countries whose citizens will be allowed to enter Europe again in coming days, with Americans almost certain to be excluded in the short term due to the number of U.S. coronavirus cases.
- Millions of people have been pushed into hunger by the coronavirus pandemic, the U.N. World Food Program said Monday as it appealed for nearly $5 billion to help feed the growing numbers in poor and middle-income countries.
- Prime Minister Boris Johnson acknowledged Monday that the coronavirus pandemic has been a “disaster” for Britain, as he announced a spending splurge designed to get the country — and his faltering Conservative government — back on track.
- The world surpassed two sobering coronavirus milestones Sunday -- 500,000 confirmed deaths, 10 million confirmed cases -- and hit another high mark for daily new infections as governments that attempted reopenings continued to backtrack and warn that worse news could be yet to come.
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