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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRegeneron's chief executive, Dr. Leonard S. Schleifer, a member of Trump's golf club in Westchester
Re-posting for FYI
https://amp.usatoday.com/amp/3610111001?__twitter_impression=true
Trump COVID-19 treatment: President had stakes in Regeneron and Gilead, makers of antibody cocktail, Remdesivir
President Donald Trump previously reported he earned capital gains from Regeneron Pharmaceuticals and Gilead Sciences Inc., the manufacturers of two of the medicines he's taken as part of his COVID-19 treatment plan.
According to a 2017 financial disclosure form filed with the U.S. Office of Government Ethics in June 2017, Trump had a capital gain of $50,001 to $100,000 for Regeneron Pharmaceuticals and $100,001 to $1 million for Gilead Sciences Inc. The form notes the information was of April 15, 2017.
Trumps subsequent disclosure forms, including his 2020 form signed July 31, did not list Regeneron or Gilead.
Trump received a single 8-gram dose of Regeneron's polyclonal antibody cocktail as a precautionary measure, according to his physician Sean Conley.
The antibody cocktail is in four late-stage clinical trials, and its safety and efficacy have not been fully evaluated by any regulatory authority, the company said on its webpage.
As part of Operation Warp Speed, New York state-based Regeneron won a $450 million federal contract in July to manufacture and supply the company's antibody cocktail REGN-COV2.
The New York Times reported Friday that Regenerons chief executive, Dr. Leonard S. Schleifer, a member of Trumps golf club in Westchester County, New York, said Trumps medical staff reached out to the company for permission to use the drug and the Food and Drug Administration cleared it.
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So deals were made & FDA pushed thru Regeron's approval.
Art of the Deal....
Link to tweet
🤬
Stinky The Clown
(67,808 posts)Not.
The Velveteen Ocelot
(115,735 posts)LisaL
(44,973 posts)The same type of antibodies a covid patient would produce. No reason why it shouldn't have some benefit.
LisaL
(44,973 posts)Very expensive. Not everybody will be able to get access to it.
Boogiemack
(1,406 posts)Trump will give to Regeneron from Fed revenues will be unprecedented.
LisaL
(44,973 posts)Antibodies are not cheap to make.
SheltieLover
(57,073 posts)Who could afford even the copay? 😳🤯
duforsure
(11,885 posts)Follow the money and he either owns stock , or will get kickbacks in the form of campaign contributions that he'll pocket. We don't even know for sure if he took it because he lies so much. The Dr's can't be trusted because they're forced to lie or lose their jobs. By trump lying so much nothing they say can be taken as the truth.
moondust
(19,993 posts)Use racism, division, religion, or anything else to take over the government and then hand out no-bid or perhaps "rigged" contracts to your supporters. They will then be happy to return hefty chunks of their blessed fortunes to you in the form of campaign donations. Quid pro quo.
That paradigm has worked well for Republicans the past few decades and may continue as long as U.S. politics remains largely about who has tons of campaign cash to buy tons of advertising bullshit.