Want to know how sinister big pharma (profits over lives) and its owned fedgov is?
Merck Charging US 40 Times What It Costs To Make Govt-Financed COVID Pill
OCT 06, 2021
Merck’s new ‘not Ivermectin’ Covid-19 treatment, molnupiravir, costs $17.74 to produce – yet the company is charging the US government $712 for the treatment – a 40x markup, according to The Intercept, citing a report issued last week by the Harvard School of Public Health and King’s College Hospital in London.
…as Quartz points out, only Merck and Ridgeback will profit from the new antiviral – which they say “could be one of the most lucrative drugs ever,” bringing in as much as $7 billion by the end of this year alone.
Despite its initial investment, the U.S. government seems to be facing a steep markup in prices. In June, the government signed a $1.2 billion contract with Merck to supply 1.7 million courses of the medication at the $712 price. The transaction is due to take place as soon as molnupiravir receives emergency use authorization from the Food and Drug Administration.
Good government advocates are pointing out that because federal agencies spent at least $29 million on the drug’s development, the government has the obligation to ensure that the medicine is affordable. “The public funded this drug, and therefore the public has some rights, including the rights you have it available under reasonable terms,” said Luis Gil Abinader, senior researcher at Knowledge Ecology International. -The Intercept
Critics, meanwhile, say the $700+ price point is absurd – with health advocates concerned that people some countries will not be able to afford the new drug.