Last week, drug maker Pfizer released that the commercial list price for its COVID-19 treatment Paxlovid will be $1,390 per treatment course. For comparison, earlier this year experts at Harvard University calculated the cost of producing a five-day treatment course of Paxlovid tablets to be only $13.38. Public health advocates are urging the Biden administration to force Pfizer to lower the price, noting that the Department of Health and Human Services has the legal authority to do so because Paxlovid was developed in part with federal funds. To date, the federal government has never used this authority, even though it has existed in law for more than 40 years.
