The FDA has given remdesivir, an experimental drug for COVID-19, 'orphan drug status.' The decision comes with lucrative incentives to drugmaker Gilead Sciences — including tax breaks and a 7-year monopoly on the drug if it's approved.
Gilead Sciences CEO Daniel O'Day took part in a meeting of the White House Coronavirus Task Force on March 2.Gilead Sciences CEO Daniel O'Day took part in a meeting of the White House Coronavirus Task Force on March 2.The Food and Drug Administration gave an experimental medicine called remdesivir to treat COVID-19 what's called orphan drug status on Monday.
The agency's decision would provide lucrative incentives to the drug's maker, Gilead Sciences, and could keep lower-priced generic versions of the medicine off the market for several years if remdesivir is approved for use, public health advocates say. Clinical trials for remdesivir as a COVID-19 treatment got started in China in early February. Tests of the drug are now enrolling patients elsewhere, including the United States.
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