Senate Probes Price Of Gilead’s Sovaldi | Chemical & Engineering News
Volume 92 Issue 29 | p. 16 | Concentrates
Issue Date: July 21, 2014

Senate Probes Price Of Gilead’s Sovaldi

Department: Business
Keywords: pharmaceuticals, biotech, drug prices, HCV

A Senate committee is probing the lofty price for Sovaldi, Gilead Sciences’ hepatitis C virus treatment. Congressional staffers are seeking detailed documentation related to Gilead’s acquisition of Pharmasset, which invented Sovaldi; a breakdown of how much was spent to discover and develop the molecule; and communications between Gilead and its financial advisers. Congress has seized on Sovaldi, which costs $84,000 per treatment course, as an example of increasingly extreme drug prices. In a letter to Gilead’s CEO, the two senators spearheading the investigation say Sovaldi could be responsible for a $2 billion increase in Medicare spending on prescription drugs between 2014 and 2015.

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