Gilead Accused of Putting Profits before Patients

Dec 02, 2015

Fortune

According to an article in Fortune, U.S. state Medicaid programs spent $1.3 billion before rebates in 2014 on Gilead Sciences’ new hepatitis C drugs to treat fewer than 2.4 percent of enrollees with the disease, per a U.S. Senate investigation into pricing of the blockbuster medicines. The majority of the 700,000-plus people on Medicaid programs with hep C are still awaiting treatment, the probe found.

“It was always Gilead’s plan to maximize revenue, and affordability and accessibility was an afterthought,” said Senator Ron Wyden, Democrat from Oregon.

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