FDA Approved 3 COVID Tests vs Germany's 96, Keeping Prices High
Alex Lieberman · Why Coffee Chats Have Energized My Ideas · Sep 20, 2023 · at 19:44
Morning Brew co-founder Alex Lieberman discusses venture capitalist Bill Gurley's talk on regulatory capture, citing disparities in COVID-19 rapid test approvals and pricing between Germany and the US.
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“In Germany, there are 96 approved COVID tests. So if you want to, in Germany, get tests for COVID, there are 96 different products you can buy. Therefore, the average cost of a COVID test in Germany is like one to two dollars. In the US, there are only three approved, three FDA-approved COVID tests, which means the average cost of a COVID test in the US is like 15 to 20 dollars.”
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