Monday, July 27, 2015

Gilead's Greed that Kills

Gilead's Greed that Kills
Jeffrey Sachs
Director, Earth Institute at Columbia University
Gilead Sciences is an American pharmaceutical company driven by unquenchable greed. The company is causing hundreds of thousands of Americans with Hepatitis C to suffer unnecessarily and many of them to die as the result of its monopolistic practices, while public health programs face bankruptcy. 
Gilead CEO John C. Martin took home a reported $19 million last year in compensation--the spoils of untrammeled greed. 
Hepatitis C is a global public health crisis, called a "viral time bomb" by the World Health Organization. 150 million people or more worldwide are estimated to be living with the disease. Untreated Hepatitis C can progress to cirrhosis, liver failure, and liver cancer. Every year, at least 700,000 people die from these complications--although HCV can be easily cured with just 12 weeks of medicines being sold by Gilead.

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