State Attorneys General Lobby the U.S. to Lower the Cost of Coronavirus Drug Remdesivir

A group of 31 state attorneys general have submitted a formal letter urging the federal government to use its powers to reduce the cost and increase the supply of Gilead Sciences' (NASDAQ: GILD) coronavirus drug remdesivir.

The bipartisan group of attorneys general is concerned that the price Gilead has set for remdesivir -- $3,120 for most U.S. patients, or $520 per vial -- is prohibitive. They also believe the manufacture of the drug should be licensed to third parties.

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Source Fool.com