ACT UP FIGHTS THE BIG PHARMA MONSTER AT GAY PRIDE: GILEADS DRUG PATENTS ARE SUCKING US DRY
ACT UP activists dressed as Gilead vampires will take to the streets of Manhattan at this Sundays Gay Pride march to protest the big pharma companys bloodthirsty prices for the lifesaving drugs Sovaldi and Truvada.
Life-Saving Drugs at Bloodsucking Prices Gilead charges $1000 per pill for Sovaldi, the profitable new cure for Hepatitis C. The necessary regimen of 84 pills adds up to an $84,000 cure that actually costs $40 to manufacture. That means Gilead makes a 2800% profit on the backs of dangerously ill people with no alternatives. Since Gilead charges as low as $2000 for the drug regimen in developing nations, ACT UP demands that the company regulate its pricing policies at home.
Big pharma monopolists like Gilead are engorged with blood money due to their unfair pricing. Gileads first quarter sales of Sovaldi for 2014 raked in $2.3 billion worldwidethe most profitable drug launch in history. Gileads total revenues for 2013 were $11 billion with over $9 billion in antiviral sales alone.
PrEP Every Day Keeps HIV Away Gileads drug Truvada was approved two years ago by the FDA and recommended by the CDC to prevent HIV when taken daily as pre-exposure prophylaxis (PrEP). Currently, Gilead is charging over $35/day for this pill that costs 35 cents to make. Should safer sex pills that help prevent HIV come with a $14,000/year price tag? In a market-based system, Gilead can charge whatever it wants, but should corporations dictate the cost of our lives?
Veteran AIDS activist Jim Eigo says that Truvada-as-PrEP will not result in a significant epidemic-wide reduction in new infections until many more people have access to Truvada. I cannot see the U.S. healthcare system as currently constituted prescribing a drug that costs $14 thousand a year to 250,000 individuals, he said. I can only see us getting anywhere near half of those individuals on PrEP if there is a significant price reduction from the current cost.
Patent Override for a Health Care Emergency An estimated 3.2 million people in the United States have chronic Hep C and about one quarter of HIV-infected persons in the United States (275,000 out of 1.1 million) are co- infected with Hep C. 15,000 annual deaths from Hep C surpass 13,000 deaths from HIV.
During a health emergency, the U.S. government can threaten and pursue a patent override for a lifesaving drug with unfair pricing. This happened with the antibiotic Cipro during the Anthrax scare in 2001. ACT UP believes our Congressional leaders need to push for such an action immediately to lower the costs of Sovaldi and Truvada immediately.
Its time to force Gilead to curb its thirst for profits over peoples lives.