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Source: Financial Times
Study argues prices for potential treatments are far higher than the actual cost of production
Existing drugs with the potential to treat coronavirus could be produced and sold at a profit by pharmaceutical companies for $1 a day or less, according to academics.
Liverpool University’s Andrew Hill and others argue in a new paper that current market prices for an array of potential treatments for Covid-19 are much higher than costs of production, particularly in the US.
No treatment has yet been shown to work against the novel coronavirus and none has been officially approved by regulators for Covid-19, but some doctors are giving them to patients for compassionate use.
Gilead is the producer of Remdesivir
Remdesivir, an antiviral initially devised by Gilead Sciences for Ebola that is in several Covid-19 trials, could be mass produced for $9 per treatment course, according to the paper in the Journal of Virus Eradication.
The paper estimates minimum costs of production by considering the costs of pharmaceutical ingredients, packaging and other items. On top of that, it assumes that drugmakers will achieve profit margins of 10 per cent.
Dr Hill, a senior visiting research fellow at Liverpool’s department of translational medicine, said: “The main treatments being evaluated for coronavirus could be mass produced for $1 per day or less.”
Dr. Zia H Shah, Chief Editor of the Muslim Times and in charge of health section
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Categories: Health, The Muslim Times