WebRTC Solutions Industry News

TMCNet:  Gilead Turns Tax-Supported Tax-Evader with Hep C Patent in Ireland, Says AHF

[February 20, 2013]

Gilead Turns Tax-Supported Tax-Evader with Hep C Patent in Ireland, Says AHF

LOS ANGELES --(Business Wire)--

AIDS Healthcare Foundation (AHF), the largest global AIDS organization, today blasted U.S.-based drug company Gilead Sciences Inc. calling the company a "tax-supported tax-evader" after Gilead recently told investors that the intellectual property for a key compound in its new hepatitis C drug is "domiciled in Ireland." Because income derived from patent royalties is tax-exempt in Ireland, this move could mean an additional $500 million a year in profit as the drug-which is not yet approved-is expected to be one of the world's top-selling medicines. Analysts are forecasting that sales worldwide could be as much as $7 billion a year.

According to the Wall Street Journal ("A New Rx for Tax Bills," by Jonathan D. Rockoff, February 6, 2013): "…Gilead Chief Financial Officer Robin Washington said during an earnings call Monda that the intellectual property for its hepatitis C compound 'is domiciled in Ireland'. Ms. Washington didn't go into further detail, and a Gilead spokeswoman declined further comment. Gilead estimates its tax rate for 2013 to be 26% to 28%, using 'non-GAAP' measures that don't conform to generally accepted accounting principles. By shifting revenue on the compound to Ireland, Gilead could cut its overall tax rate to 21% or 22%...."

"It seems the greed of Gilead's leaders knows no bounds, as they scheme to line their own pockets by evading U.S. taxes - all while enjoying the taxpayer-funded research that makes their business possible," said AHF President Michael Weinstein. "Though unconscionable, this latest move should come as no surprise as Gilead has continually pursued prices hikes and exploited patent loopholes to maximize earnings on its lifesaving HIV/AIDS drugs. How By charging government-funded programs-such as the AIDS Drug Assistance Program-exorbitantly high prices that limit access to their lifesaving medicines while making Gilead executives rich at taxpayer expense."

For more information about Gilead's history of HIV/AIDS price hikes and patent maneuvers, please see: Gilead Q4 earnings marks year of greed and price hikes.

About AIDS Healthcare Foundation

AIDS Healthcare Foundation (AHF), the largest global AIDS organization, currently provides medical care and/or services to nearly 200,000 individuals in 28 countries worldwide in the US, Africa, Latin America/Caribbean, the Asia/Pacific Region and Eastern Europe. To learn more about AHF, please visit our website: www.aidshealth.org, find us on Facebook (News - Alert): www.facebook.com/aidshealth and follow us on Twitter (News - Alert): @AIDSHealthcare


[ Back To WebRTC Solutions's Homepage ]

FOLLOW US

Featured Podcasts

Delivering First Class Communications With WebRTC

This webcast captures a recent discussion about WebRTC between Jim Donovan, Director of Product Management at Oracle and Larry Hettick, Editorial Director and Senior Research Fellow at Webtorials. The topics cover WebRTC reliability, interoperability, and security--looking at how Oracle addresses these issues.

Oracle in Enterprise Communications

Most in the industry have heard of the acquisition of Acme Packet by Oracle. What you may not know is that Oracle has a number of telecommunications products including a UC suite, WebRTC Session Controller, and Operations monitoring tools. Oracle is pursuing both the enterprise and service provider.

Featured Whitepapers

ConnectCare & Unified Contact Manager

SPAN's ConnectCare is a WebRTC-based telemedicine app, which allows consumers to easily and instantly avail clinical healthcare from the providers, regardless of their location. This app is extremely useful to healthcare providers, patients and their caregivers alike.

WebRTC Security Concerns

This whitepaper covers two of the most relevant topics in communications industry today: WebRTC and security. We will introduce the problem of security in WebRTC including those traditional VoIP attacks that are going to be present in WebRTC services. Later we will mention ad-hoc WebRTC attacks and protection mechanisms, to close with an overview of identity management solutions.

Migrating Real Time Communications Services to the Web

In the Internet age, businesses that own fixed and mobile communication networks, including traditional Communications Service Providers (CSPs) of all kinds, are being challenged with some tough questions: How do we stay relevant to our customers?

Delivering Enterprise-Class Communications with WebRTC

WebRTC is an emerging industry standard for enabling Web browsers with real-time communications capabilities. It enables enterprises to enhance Web sites, empower BYOD users, and improve video collaboration and on-line meetings, to name but a few examples.

WebRTC Report Extract Reprint

This document examines the growing important of WebRTC, both generally and for telecom service providers. It considers the expanding range of use-cases, the multiple layers of interoperability likely to be desired by telcos, and some implications in terms of network integration and mobility.

WEBRTC SOLUTIONS PAPERS, SLIDES, COLLATERAL

Robust Enterprise Grade WebRTC Systems and Services


The emerging WebRTC standard has become one of the industry's hottest topics – and with good reason. Being able to "communications enable the web" has Communications Service Providers as well as Enterprises busily making plans for deployment. But, as these plans unfold, reality is starting to intrude on those plans. Our expectations of telephony services are much higher than web browsing. We expect the phone to connect instantly, operate with minimal disruption, and work seamless across any network, anywhere, at any time. There is also an understanding that phone service is inherently secure. With WebRTC, the expectation is for these applications to behave in the same manner.

This session looks at the user experience and expectations of a WebRTC Enterprise service. It will also cover how a WebRTC enterprise handles security, reliability, and interoperability within browsers and networks.

ORACLE COMMUNICATIONS WEBRTC SESSION CONTROLLER

The Oracle Communications WebRTC Session Controller enables communications service providers (CSPs) and enterprises to offer WebRTC services – from virtually any device, across virtually any network – with carrier-grade reliability and security.

Sales Presentation: Oracle Communications WebRTC Session Controller

Agenda:
- WebRTC Market and Opportunities
- WebRTC Challenges
- Oracle Communication WebRTC Session   Controller
- Summary

ORACLE COMMUNICATIONS WEBRTC SESSION CONTROLLER SOLUTION

Communication Service Provider (CSP) voice service revenues continue to face pressure due to shifts in communication preferences and competition from non-traditional service providers. Voice communications are now often embedded into applications outside the domain of traditional telephony voice usage. CSPs have been challenged to effectively leverage and monetize new web-oriented communications technologies.