Never in modern times have such high hopes for millions of lives rested on one single company.

As the world struggles to fight off Covid-19, Gilead Sciences has been thrust in the spotlight with remdesivir, the antiviral drug that on Friday the Food and Drug Administration gave emergency authorization to treat coronavirus patients. Doctors are already preparing for a surge of requests from potential patients. Anthony Fauci, the nation’s top infectious disease expert, is sounding close to buoyant. The markets are showing signs of recovery. And President Trump, who has vilified the drug industry since before his election, welcomed Gilead CEO Daniel O’Day to the Oval Office.

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  • “Gilead’s mistake wasn’t the price itself, the executive said, but a failure to clearly explain to the public why Sovaldi was worth the money.”

    Oh, brother. If insanity is doing the same thing over and over expecting a different result, the measure of pharma’s insanity is its clinging to the “people-just-need-to-understand-the-value-of-medicines-and-then-they’ll-love-us” delusion.

    Repeat after me: people just need to be able to **afford** medicines.

  • We have people graduating from college who have been taught profits are evil. But ask them what will the motivation be to come up with a cure for other diseases and they just shrug their shoulders.

    The left is exploiting the Covid-19 panic in its long term goal of destroying capitalism. As Bernie Sanders has said…The pandemic “exposes the incredible weakness and dysfunctionality” of the U.S. health system; the cure is centralized, socialized care. Americans can’t get the drugs they need because “a bunch of crooks” run drug companies, “ripping us off every single day.”

    Government will save us? How’s that working out for Italy? Yet these claims are fantasy. Here’s the lesson of the virus so far: Relying solely on government bureaucracy is insane. To the extent America is weathering this moment, it is in enormous part thanks to the strength, ingenuity and flexibility of our thriving, competitive capitalist players.

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