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The new rates will be applicable for a limited period – until September. The reduction, which will include medicines, such as remdesivir and tocilizumab, will translate into lower prices for patients who have been hit by the deadly virus.
"The govt of India led the anti-people move & imposed GST on vaccines, mask, hand sanitiser,oxygen, COVID test kits, Remdesivir etc..Since my voice was ignored, I have recorded my dissent by a letter," Dr Amit Mitra, Finance Minister of West Bengal, on today's GST Council meet
GST Council has approved a reduction in rate for Remdesivir from 12% to 5%. No tax on Tocilizumab, Amphotericin B medicines. GST rates on the specified items being used in COVID19 relief and management till 30th September 2021
#ICYMI | Remdesivir not recommended, limit steroids: Centre's guidelines for treating COVID positive kids Read more: @Moud_India #IndiaFightsCoronavirus #COVID19India
"The govt of India led the anti-people move & imposed GST on vaccines, mask, hand sanitiser,oxygen, COVID test kits, Remdesivir etc..Since my voice was ignored, I have recorded my dissent by a letter," Dr Amit Mitra, Finance Minister of West Bengal, on today's GST Council meet
The GST Council on Saturday slashed the tax rate on COVID-19 medicines such as Remdesivir, and equipment like oxygen concentrators and medical grade oxygen.
Steroids Under Supervision, No Remdesivir: Govt's SOP for Covid in Children
GST Council has approved a reduction in rate for Remdesivir from 12% to 5%. No tax on Tocilizumab, Amphotericin B medicines. GST rates on the specified items being used in COVID19 relief and management till 30th September 2021
LIVE! GST Council agrees to 5% GST rate on vaccine; approves GST rate reduction for Remdesivir from 12% to 5%
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Finally, the drug that is toxic to the heart and causes arrhythmias is remdesivir, not hydroxychloroquine, according to this analysis carried out by pharmacologists in Paris using data from the WHO. The truth finally comes out!
Delhi: 3 arrested for black marketing of Remdesivir, 7 vials seized. They used to sell Remdesivir at Rs 70,000 per piece. Case registered, probe on. 2 of them, Likhit Gupta & Anuj Jain ran medical stores in Daryaganj & Chandni Chowk respectively; the 3rd, Akash Verma's a jeweller
Madhya Pradesh: The owner of a pharmaceutical company in Indore arrested yesterday for allegedly selling fake Remdesivir injections. 400 injections seized from his possession.
Four days ago we had requested Bruck Pharma to supply us (Remdesivir) but they couldn't until permission was given. I spoke with Union Min Mansukh Mandviya & we got FDA's permission, but at about 9 pm, police arrested him (supplier): Maharashtra LoP Devendra Fadnavis
Dr. Fauci speaks on the clinical trial for potential coronavirus treatment drug remdesivir: “What it has proven is that a drug can block this virus ... This drug happens to be blocking an enzyme that the virus uses."
As Gilead's stock price rises on reports of remdesivir, remember that the drug was developed with a $37.5 million grant from the federal government paid for by the taxpayers. Once again, Big Pharma is set to profit on the taxpayer's dime.
Remdesivir costs less than $10 to manufacture. @GileadSciences is charging $3,100 for it. Taxpayers spent $70 million to develop this drug. Coronavirus has killed 130,000 Americans. It's time to take control of this patent and provide remdesivir to all who need it.
Remdesivir, a potential treatment for coronavirus, has boosted Gilead's stock price in recent days. But here's the catch: Remdesivir was developed with taxpayer funding through CDC and NIH. No drug that was developed with public dollars should be used to pad pharma profits.
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