Inside Drug Pricing - 04/06/2020

Taxpayers Pay Most Of The Cost To Develop Some COVID-19 Drugs

By John Wilkerson / April 6, 2020 at 12:18 PM
Advocates for drug price controls say the government should not let companies set prices for COVID-19 drugs and vaccines when American taxpayers are paying most of the cost to invent those products. A review of federal procurements and company press releases shows that in some cases taxpayers are paying half or more of the cost to research, develop and make COVID-19 countermeasures. Johnson & Johnson subsidiary Janssen Pharmaceuticals and HHS recently committed $1 billion to develop a vaccine against COVID-19,...


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