General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEXCLUSIVE Trump's lawyer pitched himself as a fixer to Novartis and got paid $1.2 million
By ED SILVERMAN @Pharmalot MAY 9, 2018
The curious relationship between one of the worlds biggest drug makers and President Trumps personal lawyer began early last year when Michael Cohen, a longtime fixer for the president, reached out to Novartiss then-chief executive officer Joe Jimenez, promising help gaining access to Trump and influential officials in the new administration, according to an employee inside Novartis familiar with the matter.
Jimenez took the call and then instructed his team to reach a deal with Cohen. A one-year contract worth $1.2 million was signed with Cohen in February 2017. The companys hope was that Cohen could help it navigate a bevy of uncertain issues facing the drug maker from potential changes to the Affordable Care Act and tax reform to navigating reimbursement challenges for medicines.
He reached out to us, the Novartis employee said, providing STAT with the companys version of events as it scrambles to contain the fallout from being entangled in the investigations surrounding Trump and his inner circle, including Cohen. With a new administration coming in, basically, all the traditional contacts disappeared and they were all new players. We were trying to find an inroad into the administration. Cohen promised access to not just Trump, but also the circle around him. It was almost as if we were hiring him as a lobbyist.
The employee could not explain why Novartis would have agreed to a deal with a lawyer with no background in health care and without deep Washington ties. The extent to which Novartis conducted any due diligence into Cohen or his track record as a Trump insider and Washington player is uncertain. Cohen and Jimenez could not be reached for comment.
more
https://www.statnews.com/pharmalot/2018/05/09/trumps-lawyer-cohen-fixer-novartis/
OnDoutside
(19,948 posts)dalton99a
(81,414 posts)GusBob
(7,286 posts)We are not as stupid as thou Novartis
Sounds like that meeting with the russian lawyer. Are they all following the same script?
Clarity2
(1,009 posts)they would have hired a REAL lobbyist, with knowledge of the healthcare industry. They knew exactly what they were doing.
lame54
(35,269 posts)Rudy - in one of his disastrous interviews - said he thought the small amount of $130,000 is hardly a payoff
But - 1.2 million - that would be a payoff
He actually used that amount as an example
muriel_volestrangler
(101,273 posts)muriel_volestrangler
(101,273 posts)that some guy who knows Trump but obviously doesn't know anything about health policy might be able to turn himself into a healthcare lobbyist, or they're covering up something worse.
Who would draw up a contract for $1.2m without knowing the guy ought to be able to deliver?
Luz
(772 posts)suckers and just walk away?? Who does that?