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Fri Jul 31, 2020, 09:05 PM

Trump's Vaccine Chief Picks His Own Former Employer--Where He Still Holds Millions Worth of Stock

Trump's Vaccine Chief Picks His Own Former Employer—Where He Still Holds Millions Worth of Stock—for $2.1 Billion Deal

https://www.commondreams.org/news/2020/07/31/trumps-vaccine-chief-picks-his-own-former-employer-where-he-still-holds-millions

The White House on Friday awarded a record-breaking $2.1 billion contract for development of a Covid-19 vaccine, raising questions about a former pharmaceutical executive's involvement in the administration's decision.

The deal is for 100 million doses of a vaccine manufactured by Sanofi, a French drug maker, and its British partner GlaxoSmithKline (GSK).

As Fortune reported:

The deal follows billions of dollars of U.S. commitments to other experimental vaccines—all still needing to show their effectiveness in testing—and may stoke concerns that other countries will be left behind. Vaccines are seen as the key to leading the world out of the pandemic that has killed about 675,000 people in a matter of months.

Dr. Moncef Slaoui, a former GSK executive, is head of the White House's Operation Warp Speed, the administration's program to develop and disburse an effective coronavirus vaccine. Slaoui's connection to his former company has been the focus of concern from advocacy groups and politicians skeptical of his claims of neutrality.

According to the New York Times:

Dr. Slaoui is not a federal employee, instead working under a $1 contract that exempts him from federal rules that would require him to list his outside positions, stock holdings and other potential conflicts. Dr. Slaoui said in an interview in May that he was determined to avoid any conflicts of interest, but that his GSK stock represented his retirement from 29 years at the company, and that he had told federal officials he would not take the job if he had to sell it.

*snip*

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Reply Trump's Vaccine Chief Picks His Own Former Employer--Where He Still Holds Millions Worth of Stock (Original post)
Nevilledog Friday OP
Delmette2.0 Friday #1
Nevilledog Friday #2
Hoyt Friday #3

Response to Nevilledog (Original post)

Fri Jul 31, 2020, 09:20 PM

1. This is exactly why I would not trust their vaccine.

There is already enough rushing to get a product out without worrying if it is really safe and effective .

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Response to Delmette2.0 (Reply #1)

Fri Jul 31, 2020, 09:21 PM

2. I'm with you.

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Response to Nevilledog (Original post)

Fri Jul 31, 2020, 09:33 PM

3. So does CommonDreams have an alternative, or are they just

offering concerns? Would love to hear the company they prefer and vaccine expert.

Dr. Slaoui has the experience in vaccines to pull this off. But, maybe CommonDreams has a better expert.

Don’t get me wrong, I wish Biden were in charge of this. But, he’s not, yet. But insiders — who know the industry, company capabilities, processes, etc. — are going to have to be involved for any hope of getting this done as timely and effectively as possible.

I also think the government partnering with companies bodes well for the future, under a different Admin, of course.

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