Early Prime Day Deals Amazon Prime Perk: Free Grubhub Plus Shop a Laptop on Prime Day? Suddenlink Internet Review Smart Home Discounts Echo Dot, Smart Bulb Bundle Best Mesh Routers Echo Show 5 at Lowest Price

US to buy 500,000 remdesivir coronavirus treatment courses at $2,340 each

Clinical trials revealed the drug can help patients recover from the coronavirus faster.

Vial of remdesivir
A five-day remdesivir treatment course will cost $2,340, drugmaker Gilead Sciences said.
Ulrich Perrey/Pool/AFP via Getty Images
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites.

The US Department of Health and Human Services has agreed to buy 500,000 remdesivir treatment courses, in the wake of clinical trials revealing the drug can help patients recover more quickly from the coronavirus. A five-day course will cost $2,340,or $3,120 for commercially insured patients, biotech firm Gilead Sciences said.

Early last month, the Food and Drug Administration issued an emergency authorization for remdesivir to be used in cases of  COVID-19 when patients were "hospitalized with severe disease," shortly after the drug showed "clear-cut positive effect" in a US trial. 

"To the extent possible, we want to ensure that any American patient who needs remdesivir can get it," HHS Secretary Alex Azar said in a release.

Read more: Coronavirus treatments: Remdesivir, hydroxychloroquine and vaccines for COVID-19

It comes a day after the total number of confirmed cases crossed 10 million globally, with 500,000 deaths, according to the Johns Hopkins COVID-19 database. As of early Monday, the US had more than 2.5 million confirmed cases, with over 125,000 deaths and 685,000 recoveries.

Gilead CEO Daniel O'Day addressed the higher price for private insurers, according to health site Stat, by noting that there are "always two prices" for a drug in the US. In an open letter, he acknowledged that the company's work on remdesivir is "far from done."

"We continue to explore its potential to help in this pandemic in various ways, such as evaluating treatment earlier in the course of the disease, in outpatient settings, with an inhaled formulation, in additional patient groups and in combination with other therapies," he wrote.

He also said that countries in the developing world will get the drug at greatly reduced prices, through generic manufacturers.

Now playing: Watch this: Coronavirus drug shows 'clear-cut' evidence of faster...

The information contained in this article is for educational and informational purposes only and is not intended as health or medical advice. Always consult a physician or other qualified health provider regarding any questions you may have about a medical condition or health objectives.