Not so:
https://www.cancernetwork.com/news/clinical-trial-explores-a...
Edit: Besides, what if the cure already exists, and Big Pharma wants to make more money selling long-term treatment drugs and equipment?
We are seeing an 80% death rate for people on ventilators. This means when the worst happens, most people die, even with heroic measures and the most advanced technology available.
When they have a more reliable means to treat people in serious distress, I think people will be more amenable to easing the lockdown. Until then, it's a big fat fuck you to people in high risk categories.
I am hearing that doctors are comparing it to high altitude sickness and trying to come up with a more accurate mental model that may yield more effective treatment than ventilators. I hope that happens rapidly. A big breakthrough in that area, where we know what the hell to do for you when things get really bad, would make a very big difference in this situation.
Edit in reply to your edit:
I don't think that's at all what is going on.
I think I have some idea of what would help. It's mostly not more serious drugs.
As a former homemaker, no one much cares what I think. But just as one human to another in a stupid online discussion, I'm all for blaming big pharma for a lot of things, but not this time.
Lord knows I hope something pans out, it's not even remotely true that we have a treatment.
We also basically have no treatment, and that's why people are freaked out.
I'm personally encouraged by the speed at which people have risen to the occasion, adapted and begin developing new hypotheses. I think if we can figure out a more effective treatment modality, people will calm down dramatically.