Thompson's pro bono board work short-lived

[midnight]

It was odd enough that ex-Gov. Tommy Thompson took over as chairman of the board for a Florida pharmaceutical firm in the middle of his U.S. Senate campaign.

In making the announcement, TherapeuticsMD - which specializes in providing over-the-counter and prescription drugs to women - pointed to Thompson's years as U.S. health and human services secretary, including his role in adding prescription drug coverage to Medicare.

But then a spokesman for the former four-term Wisconsin governor said Thompson was planning to do the company work for free.

"The governor has served as an uncompensated adviser to TherapeuticsMD for the past year, and the acceptance of the board appointment reflects his belief in the women's health products the company offers," Thompson campaign aide Brian Nemoirtold the Huffington Post in May. "Obviously, he would not have accepted the uncompensated board appointment if he felt it competed with the demands of the Senate race."

http://www.jsonline.com/watchdog/noquarter/thompsons-pro-bono-board-work-shortlived-0c71l6s-172020231.html

Not sure why Thompson's 13 million compensated board work would now be considered pro bono if stock options were included. But found this piece of info. interesting because the company wants to help women from pregnancy to menopause...

interesting...http://www.jsonline.com/watchdog/noquarter/thompsons-pro-bono-board-work-shortlived-0c71l6s-172020231.html



TherapeuticsMD, Inc. is a specialty pharmaceutical company focused on creating safe and effective therapies exclusively for women. The Company's branded over-the-counter (“OTC”) and pharmaceutical products are designed to improve the health and well-being of women from pregnancy through menopause. vitaMedMD provides dietary supplements and healthcare products focused on improving women's health, wellness, and quality of life. Questions may be directed to Daniel A. Cartwright, the Company's Chief Financial Officer, at [phone]. Additional information on TherapeuticsMD is available on its website at www.therapeuticsmd.com. Information on vitaMedMD and its products is available at www.vitamedmdrx.com and www.vitamedmd.com.