Don't Miss

Migrant workers need support, jobs at home after pandemic disruption: ILO

GENEVA (Reuters) - The U.N. labour agency appealed to governments on Wednesday to support tens of millions of migrant workers forced to return to their homelands due to the coronavirus pandemic only to face unemployment and poverty. FILE PHOTO: Migrant workers and their families wait in lines outside a railway station to board a train…

British PM Johnson dismisses criticism on local lockdowns, coronavirus app

LONDON (Reuters) - British Prime Minister Boris Johnson dismissed criticism on Wednesday of his government’s plans to implement local lockdowns if there are flare-ups of the novel coronavirus and of an app to trace the spread of the virus. At prime minister’s questions in parliament, the opposition Labour leader Keir Starmer suggested both systems were…

UK government to state more about coronavirus ‘air bridges’ on June 29

FILE PHOTO: Britain's Secretary of State for Transport Grant Shapps is seen outside Downing Street, as the spread of the coronavirus disease (COVID-19) continues, in London, Britain March 17, 2020. REUTERS/Henry NichollsLONDON (Reuters) - British transport minister Grant Shapps said he would say more on June 29 about possible air bridges with other countries to…

New-look U.S. bank ‘tension tests’ might leave experts guessing

NEW YORK/WASHINGTON (Reuters) - U.S. bank analysts have cleared their diaries on Thursday ahead of a long evening poring over results of the Federal Reserve’s bank health checks, which have been upended this year by the coronavirus pandemic. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019.…

New-look U.S. bank ‘stress tests’ may leave analysts guessing

NEW YORK/WASHINGTON (Reuters) - U.S. bank analysts have cleared their diaries on Thursday ahead of a long evening poring over results of the Federal Reserve’s bank health checks, which have been upended this year by the coronavirus pandemic. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019.…

Gilead’s Covid-19 drug remdesivir to cost $2,340 per patient in US

Gilead Sciences Inc has priced its Covid-19 drug candidate remdesivir at $390 per vial for the United States and governments of other developed countries, it said on Monday, setting the price of a five-day course at $2,340 per patient.

The price for US private insurance companies will be $520 per vial, the drugmaker said, which equates to a total of $3,120 per patient.

Gilead has entered into an agreement with the US Department of Health and Human Services (HHS) whereby the department and states will manage allocation to hospitals until September end.

After this period, once supplies are less constrained, HHS will stop managing the allocation, the company said.

Remdesivir’s price has been a topic of intense debate since the US Food and Drug Administration approved its emergency use Covid-19 patients in May.

Experts have suggested that Gilead would need to avoid the appearance of taking advantage of a health crisis for profits.

Wall Street analysts have said the antiviral drug could generate billions of dollars in revenue over the next couple of years if the pandemic continues.

Latest Posts

Migrant workers need support, jobs at home after pandemic disruption: ILO

GENEVA (Reuters) - The U.N. labour agency appealed to governments on Wednesday to support tens of millions of migrant workers forced to return to their homelands due to the coronavirus pandemic only to face unemployment and poverty. FILE PHOTO: Migrant workers and their families wait in lines outside a railway station to board a train…

British PM Johnson dismisses criticism on local lockdowns, coronavirus app

LONDON (Reuters) - British Prime Minister Boris Johnson dismissed criticism on Wednesday of his government’s plans to implement local lockdowns if there are flare-ups of the novel coronavirus and of an app to trace the spread of the virus. At prime minister’s questions in parliament, the opposition Labour leader Keir Starmer suggested both systems were…

UK government to state more about coronavirus ‘air bridges’ on June 29

FILE PHOTO: Britain's Secretary of State for Transport Grant Shapps is seen outside Downing Street, as the spread of the coronavirus disease (COVID-19) continues, in London, Britain March 17, 2020. REUTERS/Henry NichollsLONDON (Reuters) - British transport minister Grant Shapps said he would say more on June 29 about possible air bridges with other countries to…

New-look U.S. bank ‘tension tests’ might leave experts guessing

NEW YORK/WASHINGTON (Reuters) - U.S. bank analysts have cleared their diaries on Thursday ahead of a long evening poring over results of the Federal Reserve’s bank health checks, which have been upended this year by the coronavirus pandemic. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019.…

Latest Posts

Migrant workers need support, jobs at home after pandemic disruption: ILO

GENEVA (Reuters) - The U.N. labour agency appealed to governments on Wednesday to support tens of millions of migrant workers forced to return to their homelands due to the coronavirus pandemic only to face unemployment and poverty. FILE PHOTO: Migrant workers and their families wait in lines outside a railway station to board a train…

British PM Johnson dismisses criticism on local lockdowns, coronavirus app

LONDON (Reuters) - British Prime Minister Boris Johnson dismissed criticism on Wednesday of his government’s plans to implement local lockdowns if there are flare-ups of the novel coronavirus and of an app to trace the spread of the virus. At prime minister’s questions in parliament, the opposition Labour leader Keir Starmer suggested both systems were…

UK government to state more about coronavirus ‘air bridges’ on June 29

FILE PHOTO: Britain's Secretary of State for Transport Grant Shapps is seen outside Downing Street, as the spread of the coronavirus disease (COVID-19) continues, in London, Britain March 17, 2020. REUTERS/Henry NichollsLONDON (Reuters) - British transport minister Grant Shapps said he would say more on June 29 about possible air bridges with other countries to…

New-look U.S. bank ‘tension tests’ might leave experts guessing

NEW YORK/WASHINGTON (Reuters) - U.S. bank analysts have cleared their diaries on Thursday ahead of a long evening poring over results of the Federal Reserve’s bank health checks, which have been upended this year by the coronavirus pandemic. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019.…