Rep. Ocasio-Cortez examine the Gilead's pricing for an HIV prevention drug known as Truvada for PrEP
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Ocasio-Cortez: "Gilead made $3 billion in profits from Truvada in 2018? CEO O'Day:"$3 billion in revenue." "The current list price is $2,000 a month in the United States, correct?" O'Day: "It's $1,780 in the United States." Ocasio-Cortez: "Why is it $8 in Australia?" O'Day: "Truvada has patent protection in US; in the rest of the world it is generic. It will be generically available in US as of September 2020."
Ocasio-Cortez: "We the public, we the people, developed this drug. We paid for this drug, we lead and developed all the patents to create prep and then that patent has been privatized despite the fact that the patent is owned by the public. There's no reason this should be $2,000 a month, people are dying because of it and there's no enforceable reason for it."
Donald Rumsfeld was Chairman at Gilead until named to Bush's cabinet. Gilead patented the deadly Tamiflu.