• Advert Rate
Thursday, May 8, 2025
  • Login
TVC News
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Cookies Policy
No Result
View All Result
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Cookies Policy
No Result
View All Result
TVC News
No Result
View All Result

US buys up global supply of COVID-19 drug

July 1, 2020
in Uncategorized
US buys up global supply of COVID-19 drug
Share on FacebookShare on Twitter

The US government appears to have finally taken strong action on the coronavirus pandemic raging within its borders – but in doing so has left the rest of the world hanging.

The federal Health and Human Services Department announced the US had bought up what amounts to the entire global supply of remdesivir, the only drug so far shown to help recovering patients.

“(President Donald Trump) has struck an amazing deal to ensure Americans have access to the first authorised therapeutic for COVID-19,” HHS Secretary Alex Azar said in a press release. “To the extent possible, we want to ensure that any American patient who needs remdesivir can get it.”

US hospitals will be permitted to purchase the drug in allocations from the HHS.However, other Western countries in particular worry about the consequences.Gilead is the only company allowed to manufacture remdesivir, and the US purchase amounted to 100 per cent of Gilead’s projected production for July, 90 per cent of production in August, and 90 per cent of production in September.

In all it adds up to more than half a million treatment courses of the drug, for which hospitals will pay $US3200 apiece ($4641). While focus in the US has been on whether the drug will be equally available to richer and poorer patients, the rest of the world is left with a a different problem.

“They’ve got access to most of the drug supply, so there’s nothing for Europe,’ Dr Andrew Hill of Liverpool University told The Guardian.

Canadian Prime Minister Justin Trudeau has also spoken about the dangers of the US outbidding other Western countries on COVID-19 treatments.The wholesale cornering of remdesivir has also raised fears about what will happen when a vaccine is finally developed.

Remdesivir is an intravenous antiviral medication studied to treat Ebola but now used on hospitalised COVID-19 patients. While not a blockbuster drug, a study shows it can reduce a hospital stay by up to four days. The US has recorded about 2.68 million COVID-19 cases, with more than 129,000 deaths.

Next Post
NBC to prevail on DSTV to reverse recent price hike

NBC to prevail on DSTV to reverse recent price hike

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

YouTube player
Get Breaking News Alerts on WhatsApp! Subscribe now and never miss an update
ADVERTISEMENT

Headlines

  • Live-Stream
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Entertainment

Shows

  • Issue With Jide
  • Journalist Hangout
  • This Morning
  • TVC Breakfast
  • Today in the news
  • Documentaries

Live TV

  • Windows & Mac
  • iPhone & iPad
  • Android & IOS

App Download

  • Download Android App
  • Download for iOS
  • HOME
  • ADVERT RATE
  • Contact

© 2022 TVC Communications - Owner of TVC News

No Result
View All Result
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Cookies Policy

© 2022 TVC Communications - Owner of TVC News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In