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AOC Slams Pharma Exec Over Insane Drug Prices
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=49253"><span class="small">Jack Crosbie, Splinter</span></a>   
Saturday, 18 May 2019 08:24

Crosbie writes: "C-SPAN has a reputation for being boring, but when New York Rep. Alexandria Ocasio-Cortez is testifying, she makes it her own personal highlight reel, and her taking a Big Pharma head to task for the price of an HIV drug yesterday definitely deserves a place on there."

Alexandria Ocasio-Cortez. (photo: Getty Images)
Alexandria Ocasio-Cortez. (photo: Getty Images)


AOC Slams Pharma Exec Over Insane Drug Prices

By Jack Crosbie, Splinter

18 May 19

 

-SPAN has a reputation for being boring, but when New York Rep. Alexandria Ocasio-Cortez is testifying, she makes it her own personal highlight reel, and her taking a Big Pharma head to task for the price of an HIV drug yesterday definitely deserves a place on there.

First, the stage: Truvada is a PrEP drug that can prevent patients from contracting HIV if taken proactively. Right now, it’s pretty much the only pre-exposure prophylaxis drug available, making it a groundbreaking tool in the fight against HIV and AIDS. In the U.S., where it’s shielded by patents, it costs nearly $2,000. But, as Ocasio-Cortez pointed out, it only costs $8 in Australia, where there is a generic version available and the country has universal healthcare.

So please enjoy this clip of AOC directing righteous fury directly at the CEO of Gilead, the company that makes and sells Truvada.

As Daniel O’Day, the Gilead CEO noted, Truvada still has a patent in the U.S. His justification was that “We have to be sure that Americans get our medicines at a price that allows us to invest in research,” but the reason he was in front of the House Oversight Committee is because the CDC funded an enormous amount of the research that created Truvada and also owns a patent for the drug. But Gilead insists that its patent is the only valid one, and has reaped massive rewards to the tune of $3 billion in global revenue last year.

The government’s failing to adequately shield consumers from companies like Gilead is a continuing tragedy, but at least with Democrats in control of the House, every once in a while we’ll get to see a CEO sweat.

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-7 # HenryS1 2019-05-18 16:21
When I review this clip I think AOC could have done a lot better with the opportunity.
 
 
0 # DongiC 2019-05-19 06:27
AOC brought the issue to the public's notice and the issue is how our pharmaceutical companies are gutting the general public all for the sake of their god damn profits. The drug (Truvada) was developed by government research and its benefits should be enjoyed by the general public. In Australia this important drug sells for $8.00 per unit while in the US it goes for $1,780 per unit. It is important in preventing HID if taken proactively. This is another example of where we would be much better off with a socialist government than a capitalist one. But, the capitalists have so much money and too many politicians are for sale. In both major parties.
 
 
0 # librarian1984 2019-05-20 01:39
I would love to know what the Democratic Party is doing to defeat AOC. I'm sure they are working hard on it. They hate/fear her as much as the GOP does.
 
 
0 # WorkingClass 2019-05-21 11:40
The US Government should fund ALL pharmaceutical research. We could do this by paying for accredited universities to do the research, then allowing any pharmaceutical companies who wanted to produce the drug do so. No patents - all generic. There would be competition in the market place to produce a lower cost drug. Allowing private companies to have exclusive patents on drugs is against all the principals of the supposedly sacred "free market".