For instance, Gilead recently announced that Remdesivir, a drug originally developed for hepatitis C that has been shown to be effective in speeding up the recovery time for COVID-19, will be priced at $3,120. In explaining its pricing, Gilead pointed out that given the cost of extended hospitalization (estimates for COVID-19 patients are around $12,000 per day), the price is justified based on the value it provides.
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