50
50
Dec 1, 2015
12/15
by
KMEG
tv
eye 50
favorite 0
quote 0
dr. schinazi said it only costs about $1,400 to manufacture the full 12-week treatment. that's less than 2% of the retail price. why is it so much more expensive than what it costs to make it? >> that's a good yes. come down eventually. >> reporter: zion yisrael wonders if the price will come down in time to save him. in the two years his doctor says he has left. >> it's not right that the vets, we're still alive and we come here, and because of $84,000, you know, we can't get cured, a medication produced by the country that we're protecting? >> reporter: dr. schinazi sayings the drug he helped create has helped save hundreds of thousands of lives around the world, but, scott, the v.a. con sides that funding for u.s. veterans is limited. so far they've treated about 35,000 vets, just 15% of the veterans infected with hepatitis c. >> pelley: chip reid with a revealing story in our washington newsroom. chip, thanks. patients who suffer from a rare infection called toxoplasmosis scripps offered to sell the treatment for $1 a pill. the drug is similar to daraprims, sold by a
dr. schinazi said it only costs about $1,400 to manufacture the full 12-week treatment. that's less than 2% of the retail price. why is it so much more expensive than what it costs to make it? >> that's a good yes. come down eventually. >> reporter: zion yisrael wonders if the price will come down in time to save him. in the two years his doctor says he has left. >> it's not right that the vets, we're still alive and we come here, and because of $84,000, you know, we can't get...
122
122
Dec 2, 2015
12/15
by
KPIX
tv
eye 122
favorite 0
quote 0
dr. raymond schinazi founded the company and led the team that discovered the drug. he has worked for the department of veterans affairs since 1983. he says he's only a seven- eighths government employee and what he does with his remaining time is up to him. so you're only spending one- eighth of your time on your private company? >> well, even less than that. >> reporter: even less? >> yes. i'm very efficient. >> reporter: dr. schinazi made more than $400 million when he sold his company for $11 billion to pharmaceutical giant gilead in 2012. do you see how that looks to an average veteran? >> i'm sorry you're taking it personally. >> reporter: if you're surprised that a government scientist can make that kind of money, given federal laws surrounding conflicts of interest, so were we. has anybody ever questioned the arrangement you have that allows you to become very wealthy while working seven-eighths of your time with the government? >> nobody has ever questioned that. i think i've done everything, i've disclosed everything to the v.a. >> reporter: the v.a. declin
dr. raymond schinazi founded the company and led the team that discovered the drug. he has worked for the department of veterans affairs since 1983. he says he's only a seven- eighths government employee and what he does with his remaining time is up to him. so you're only spending one- eighth of your time on your private company? >> well, even less than that. >> reporter: even less? >> yes. i'm very efficient. >> reporter: dr. schinazi made more than $400 million when...
180
180
Dec 2, 2015
12/15
by
WUSA
tv
eye 180
favorite 0
quote 0
dr. schinazi said it only costs about $1,400 to manufacture the full 12-week treatment. that's less than 2% of the retail price. why is it so much more expensive than what it costs to make it? >> that's a good question. i mean, i think the price will come down eventually. >> reporter: zion yisrael wonders if the price will come down in time to save him, in the two years his doctor says he has left. >> it's not right that the vets, we're still alive and we come here, and because of $84,000, you know, we can't get cured, a medication produced by the country that we're protecting? >> reporter: dr. schinazi says the drug he helped create has helped save hundreds of thousands of lives around the world, but, scott, the v.a. concedes that funding for u.s. veterans is limited. so far they've treated about 35,000 vets, just 15% of the veterans infected with hepatitis c. >> chip reid with a revealing story in our washington newsroom. chip, thanks. >>> patients who suffer from a rare infection called toxoplasmosis got some help today when express scripts offered to sell the treatme
dr. schinazi said it only costs about $1,400 to manufacture the full 12-week treatment. that's less than 2% of the retail price. why is it so much more expensive than what it costs to make it? >> that's a good question. i mean, i think the price will come down eventually. >> reporter: zion yisrael wonders if the price will come down in time to save him, in the two years his doctor says he has left. >> it's not right that the vets, we're still alive and we come here, and...
90
90
Dec 2, 2015
12/15
by
KMEG
tv
eye 90
favorite 0
quote 0
dr. raymond schinazi founded the company and discovered the drug. he has worked for the department of veterans affairs since 1983. he says he's only a seven- eighths government employee and what he does with his remaining time is up to him. so you're only spending one- eighth of your time on your private company? >> well, even less than that. >> reporter: even less? >> yes. i'm very efficient. >> reporter: dr. schinazi made more than $400 million when he sold his company for $11 billion to pharmaceutical giant gilead in 2012. do you see how that looks to an average veteran? >> i'm sorry you're taking it personally. >> reporter: if you're surprised that a government scientist can make that kind of money, given federal laws surrounding conflicts of interest, so were we. has anybody ever questioned the arrangement you have that allows you to become very wealthy while working seven-eighths of your time with the governmeme? >> nobody has ever questioned that. i think i've done everything, va. >> reporter: the va declined our request for an interview but
dr. raymond schinazi founded the company and discovered the drug. he has worked for the department of veterans affairs since 1983. he says he's only a seven- eighths government employee and what he does with his remaining time is up to him. so you're only spending one- eighth of your time on your private company? >> well, even less than that. >> reporter: even less? >> yes. i'm very efficient. >> reporter: dr. schinazi made more than $400 million when he sold his company...
58
58
Dec 2, 2015
12/15
by
WCBS
tv
eye 58
favorite 0
quote 0
dr. schinazi said it only costs about $1,400 to manufacture the full 12-week treatment. that's less than 2% of the retail price. why is it so much more expensive than what it costs to make it? >> that's a good question. i mean, i think the price will come down eventually. >> reporter: zion yisrael wonders if the price will come down in time to save him, in the two years his doctor says he has left. >> it's not right that the vets, we're still alive and we come you know, we can't get cured, a medication produced by the country that we're protecting? >> reporter: dr. schinazi says the drug he helped create has helped save hundreds of thousands of lives around the world, but, scott, the va concedes that funding for u.s. veterans is limited. so far they've treated about 35,000 vets, just 15% of the veterans infected with hepatitis c. >> chip reid with a revealing story in our washington newsroom. chip, thanks. >>> patients who suffer from a rare infection called toxoplasmosis got some help today when express scripts offered to sell the treatment for $1 a pill. the drug is si
dr. schinazi said it only costs about $1,400 to manufacture the full 12-week treatment. that's less than 2% of the retail price. why is it so much more expensive than what it costs to make it? >> that's a good question. i mean, i think the price will come down eventually. >> reporter: zion yisrael wonders if the price will come down in time to save him, in the two years his doctor says he has left. >> it's not right that the vets, we're still alive and we come you know, we...
36
36
Dec 2, 2015
12/15
by
KGAN
tv
eye 36
favorite 0
quote 0
dr. schinazi said it only costs about $1,400 to manufacture the full 12-week treatment. that's less than 2% of the retail price. why is it so much more expensive than what it costs to make it? >> that's a good question. i mean, i think the price will come down evevtually. >> reporter: zion yisrael wonders if the price will come down in time to save him, in the two years his doctor says he has left. we're still alive and we come here, and because of $84,000, you kn, we can't get cureda medication produced by the country that we're protecting? >> reporter: dr. schinazi says the drug he helped create has helped save hundreds of thousands of lives around the rld, but, scott, the va concedes that funding for u.s. veterans is limited. so far they've treated about 35,000 vets, just 15% of the veterans infected with hepatitis c. >> chip reid with a revealing story in our washington newsroom. chip, thanks. >>> patients who suffer from rare infection called toxoplasmosis got some help today y en express scripts offered to sell the treatment for $1 a pill. the drug is similar to da
dr. schinazi said it only costs about $1,400 to manufacture the full 12-week treatment. that's less than 2% of the retail price. why is it so much more expensive than what it costs to make it? >> that's a good question. i mean, i think the price will come down evevtually. >> reporter: zion yisrael wonders if the price will come down in time to save him, in the two years his doctor says he has left. we're still alive and we come here, and because of $84,000, you kn, we can't get...
182
182
Dec 2, 2015
12/15
by
KPIX
tv
eye 182
favorite 0
quote 0
dr. schinazi says the drug he helped create has helped save hundreds of thousands of lives around the world, but, scott, the v.a. concedes that funding for u.s. veterans is limited. so far they've treated about 35,000 vets, just 15% of the veterans infected with hepatitis c. >> chip reid with a revealing story in our washington newsroom. chip, thanks. >>> patients who suffer from a rare infection called toxoplasmosis got some help today when express scripts offered to sell the treatment for $1 a pill. the drug is similar to daraprim, sold by turing pharmaceutical for $750 a pill. after an uproar, turing's c.e.o. martin shkreli promised to lower the price and then he appeared to backtrack. don dahler has more on this. >> reporter: when shkreli increased its price, they claimed they were being unfairly vilified. >> there are a dozen companies just like ours that raise prices higher than ours and i don't see them getting the criticism i got. >> reporter: he's partially right. after valiant pharmaceuticals bought the rights to a heart medication, it raised the price from $179 a dose the almost
dr. schinazi says the drug he helped create has helped save hundreds of thousands of lives around the world, but, scott, the v.a. concedes that funding for u.s. veterans is limited. so far they've treated about 35,000 vets, just 15% of the veterans infected with hepatitis c. >> chip reid with a revealing story in our washington newsroom. chip, thanks. >>> patients who suffer from a rare infection called toxoplasmosis got some help today when express scripts offered to sell the...
121
121
Dec 3, 2015
12/15
by
KMEG
tv
eye 121
favorite 0
quote 1
dr. raymond schinazi said it only costs about 14 hundred dollars to manufacture the full 12 week treatment -- that's less than two percent t the retail price.(sot) (chip p d dr. scscn)why is it so much xpensivwhat it osto make that's a questn.think the price will ce down eventually.narr ion yisrael wonders & o save the two is doctor says he has le(sot) ( yisrael) (00 12 b84-thousandollars can't get cured? a medication produced by the countthat we'proteing? ((tag)dr. schisays the e helped create has savedhundreds of thousands of lthe world. but scoe conc fuveterans is liteagency s about adollars tbut has treated 35,000 percent huckabee was in onawa yesterday at the monona county veterans memorial museum. 3 he talked to a crowd of about 20 people about his experience as governor of arkansas... and how it makes him the best candidate. he said he didn't like president obama apologizing for america's prosperity in paris... saying he'd rather spend time fighting isis instead of climate change. 3 "everyone who is willing to work with us, to destroy the malignant cancer of radical islam, we should
dr. raymond schinazi said it only costs about 14 hundred dollars to manufacture the full 12 week treatment -- that's less than two percent t the retail price.(sot) (chip p d dr. scscn)why is it so much xpensivwhat it osto make that's a questn.think the price will ce down eventually.narr ion yisrael wonders & o save the two is doctor says he has le(sot) ( yisrael) (00 12 b84-thousandollars can't get cured? a medication produced by the countthat we'proteing? ((tag)dr. schisays the e helped...