- Published: Thursday, 14 August 2014 12:04
IN SENATE LETTER, ACTIVISTS CALL FOR LOW PRICED HEPATITIS C CURE TO END THE NATIONAL EPIDEMIC
NEW YORK CITY – AUGUST 13, 2014 – Today ACT UP New York publicly challenged the U.S. Senate Finance Committee to negotiate with Gilead to reduce Sovaldi’s $1000 per pill price by 90% or more, a reduction that would save billions of dollars in U.S. health care spending, and could save hundreds of thousands more American lives, setting the groundwork for national and global eradication of hepatitis C.
Even before Gilead reported making $5.8 billion in sales on Sovaldi in just the first six months of 2014, activists, health policy experts and government officials had sharpened their criticism of the pharmaceutical company, which had previously had a relatively good reputation in the HIV community. The process by which Gilead arrived at a price for its hepatitis C drug is controversial, particularly because Gilead acquired the drug through the $11 billion purchase of the company Pharmasset, which had priced the drug significantly lower.