Ocasio-Cortez Shreds CEO for Ripping Off Americans on HIV Medicine Prices: ‘Why Is It $8 in Australia?’

Rep. Alexandria Ocasio-Cortez (D-N.Y.) blasted Gilead CEO Daniel O’Day on Thursday, calling him out for charging nearly $2,000 a month for an HIV prevention medicine that costs $8 in Australia.

During an exchange on the House floor, Ocasio-Cortez showed the CEO that she did not come to play games, focusing her attention on Truvada (also known as PrEP), a medication that significantly reduces the risk of infection to HIV.

“Is it true that Gilead made $3 billion in profits from the sales of Truvada in 2018?” the congresswoman asked almost immediately into her questioning of O’Day, prompting him to clarify that it was “$3 billion in revenue.”

“The current list price is $2,000 a month in the United States, correct?” she asked regarding the drug.

“The current list price is $1,780 in the United States,” O’Day responded.

“Why is it $8 in Australia?” Ocasio-Cortez fired back as she noted the extreme price difference of the medicine between the two countries — which is exactly 222.5 times more expensive in the U.S.

Watch the video below:

“Truvada still has patent protection in the United States, and in the rest of the world, it is generic,” the CEO responded, adding that it “will be generically available in the United States as of September 2020.”

This response did not please Ocasio-Cortez, as the congresswoman explained why this price hike should have never been implemented in the first place:

“I think it’s important that we notice here that we the public, we the people, developed this drug, we paid for this drug, we led and developed all of the grounding patents to create PrEP, and then that patent has been privatized despite the fact that the patent is owned by the public, we refused to enforce it.”

“There’s no reason this should be $2,000 a month,” she continued to emphasize. “People are dying because of it, and there’s no enforceable reason for it.”

What do you think?

Comments

newest oldest most voted
Notify of
Joseph Ball
Guest
Joseph Ball

Why reply you are still going to let this THIEF get away with it.

Dennis DeMeglio
Guest
Dennis DeMeglio

Mr. O Day should be locked up in a prison and we should through away the key!

Miranda
Guest
Miranda

As a whole Drug companies are ripping us off. It’s got to stop

Brian lee
Guest
Brian lee

Outlaw lobbying.Which is legal bribary.Drug companies make 9 times more profit per dollar invested than the auto industry does.

Phyllis Softa
Member

I do not understand down votes for this article. Are the down votes for the article reflecting a negative view of a pharmaceutical company or a negative view of BEING MADE AWARE of Gilead taking advantage of US citizens?

Phyllis Softa
Member

NOT being a fan of AOC does NOT prevent anyone from asking WHY the public owned patent WAS NOT enforced? If the US taxpayer paid for the research and development of the drug treatment, HOW is a private company blocking the sell of generic Truvada until Sept 2020? The US taxpayer paid for the research & development and US citizens that need the drug are forced to pay Gilead for research & development until Sept., 2020??

Loading…

0

Comments

0 comments

AOC Says, ‘I Blame Us — I Blame This Body’ for Health Care Not Being a Right During House Hearing

US Speaker Pelosi Opens Door to More Funds for Border Migrant Crisis