|[May 06, 2014]
Sovaldi: AHF's WSJ Ad Asks Gilead Patients & Insurers, "If You Think $1,000 a Pill is OK, Stop Reading This."
LOS ANGELES --(Business Wire)--
Healthcare Foundation (AHF), the largest global AIDS
organization and a vocal critic of runaway drug pricing and drug
profiteering, continued its criticism of Gilead
Sciences over the price of its new Hepatitis C medication,
Sovaldi (sofosbuvir), with an advocacy
ad running in the Wall Street Journal tomorrow, Wednesday, May 7th-the
day of Gilead's Annual General Meeting in Millbrae, CA (News - Alert). The ad, a
half-page, four-color ad, chides Gilead and asks patients and insurers
who foot the bill for the drug, "If You Think $1,000 a Pill is OK,
Stop Reading This." It will run in WSJ editions in Northern
California and the Washington/Maryland/Virginia markets. The full ad
IF YOU THINK $1,000 A PILL IS OK STOP READING THIS.
More than 3 million Americans have Hepatitis C. Gilead Sciences' Sovaldi
is thelatest attempt to gouge every last cent out of our health care
system no matter the consequences on public health. Our State and
Federal leaders are breaking the bank by paying whatever Gilead and its
pharma allies demand without question.
Learn more and take action at www.aidshealth.org/gilead
At Gilead's AGM, a shareholder resolution, 'Patient Access as a
Criterion of Executive Compensation,' which was put forth by Gilead
shareholder & AHF President Michael Weinstein and would tie a portion of
the discretionary compensation for Gilead's CEO John Martin, will be
"By pricing Sovaldi as its has, Gilead has moved to the head of the
class as the poster child of drug industry greed. The $1,000
price-per-pill is the proverbial blade of grass sticking up on the
industry's bad behavior, and with it, they are sowing the seeds of the
undoing on the entire industry," said AHF's Weinstein. "Taxpayers and
government officials are realizing that enough is enough and people and
institutions are fighting back against Gilead and other drug makers'
It's estimated that the government purchases over 70% of drugs used in
the United States today for use in programs such as the V.A., Medicare,
Medicaid and a number of combined federal/state drug assistance
programs. As such, AHF believes the government should also be far more
aggressive in its dealing with the industry in order to reduce the
taxpayers' burden for the cost of drugs.
About AIDS Healthcare Foundation
AIDS Healthcare Foundation (AHF), the largest global AIDS
organization, currently provides medical care and/or services to nearly
300,000 individuals in 32 countries worldwide in the US, Africa, Latin
America/Caribbean, the Asia/Pacific Region and Eastern Europe.
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