June 30, 2020 -- Gilead Sciences on Monday revealed how much it will charge hospitals for remdesivir, a drug found to speed the recovery of coronavirus patients by 4 days, Gilead CEO and Chairman Daniel O’Day said in an open letter on the company website.

For a patient with private insurance, Gilead would charge hospitals $520 per dose, which would come to $3,120 for a typical treatment of six doses over 5 days, Gilead said.

For patients with Medicare or other government-sponsored insurance, Gilead would charge $390 per dose, or $2,340 for six doses.

Private insurance companies are charged more because “of the way the U.S. system is set up and the discounts that government healthcare programs expect,” Gilead said.

Other developed countries that insure patients directly will also be charged the lower price of $390 per dose, Gilead said. That price was set to eliminate the need for county-by-country negotiations, the company said.

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