Learning to Love Big Pharma
Prognosis: Misconception
Bloomberg
4.1 • 838 Ratings
🗓️ 29 June 2020
⏱️ 16 minutes
🧾️ Download transcript
Summary
Gilead Sciences announced today that it will charge the U.S. government and other developed countries $390 per vial for its coronavirus-fighting drug remdesivir. That begins to answer a big question as drug companies race to find treatments and develop vaccines for the virus: How much will it cost us? But Riley Griffin and Emma Court report that the Pharmaceutical industry is hoping Covid-19 will give it a chance to rebrand; and get the focus off drug prices.
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| 0:00.0 | Are you looking for a new podcast about stuff related to money? |
| 0:05.3 | Well, today's your lucky day. |
| 0:07.1 | I'm Matt Levine. |
| 0:08.2 | And I'm Katie Greifeld. |
| 0:09.5 | And we are the hosts of Money Stuff, The Podcast. |
| 0:13.0 | Every Friday, we dive into the top stories about Wall Street, finance, and other stuff. |
| 0:17.9 | We have fun. We get weird, and we want you to join us. |
| 0:21.0 | You can listen to Many Stuff the Podcasts on Apple Podcasts, Spotify, or wherever you get your podcasts. |
| 0:48.2 | Welcome to Prognosis. I'm Laura Carlson. It's day 110 since coronavirus was declared a global pandemic. |
| 0:57.5 | Our main story, Big Pharma hopes the race to treat COVID-19 will help give drug makers a brand new image and help you forget about the price of drugs. |
| 1:02.4 | But first, here's what happened in virus news today. The worst is yet to come. |
| 1:17.2 | That's the message from World Health Organization Head, Tadros Adenam Gabriasis. |
| 1:23.8 | At a briefing in Geneva today, just about six months after the WHO became aware of the virus, |
| 1:30.3 | he said some countries are having a resurgence of the outbreak. |
| 1:35.5 | The Americas account for half of all deaths, and there is no global solidarity around the disease. |
| 1:42.2 | Tadro said, quote, this virus can be suppressed and contained |
| 1:46.6 | using the tools at hand, |
| 1:48.8 | end quote. |
| 1:49.7 | And countries shouldn't wait |
| 1:51.3 | for a vaccine to deal with it. |
| 1:53.2 | He also said, |
| 1:54.2 | quote, if any country is saying |
... |
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