Sunday, July 10, 2016

Letter: Key medical drug is hijacked from public

I heard recently on the news that deaths from hepatitis C have reached an all-time high. That’s really regrettable since there has been a cure since 2012. A 12-week course was estimated to cost $136. The hepatitis C drug Sovaldi was hijacked, just as Vladimir Putin hijacked democracy from Russia.
In November 2011, Gilead paid $11 billion in cash to acquire Pharmasset Inc., who with taxpayer money at Emory University developed the cure drug Sovaldi. So with all the love of a shark-toothed Tasmanian devil for those sick with hepatitis C, Gilead price-jacked the cost of the 12-week course of pills to $100,000. It’s like paying $1,000 for a McDonald’s hamburger.
Then, with a tax loophole big enough to drive a freight train through, our Congress allowed Gilead to avoid millions in taxes by using a perverted inversion to an Irish subsidiary. All I can do is repeat an old country song by George Jones and Tammy Wynette: “God’s Gonna Get ‘Cha for That.”
Gilead needs to take a lessons from Jonas Salk, who in 1955 protected millions of children from polio at a low cost.

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