Regeneron's chief executive, Dr. Leonard S. Schleifer, a member of Trump's golf club in Westchester

[Budi]

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.

Trump’s 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 Regeneron’s chief executive, Dr. Leonard S. Schleifer, a member of Trump’s golf club in Westchester County, New York, said Trump’s 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]

1. Color me shocked.

Not.

[The Velveteen Ocelot]

2. What if it doesn't work?

[LisaL]

4. It'a a treament.

The same type of antibodies a covid patient would produce. No reason why it shouldn't have some benefit.

[LisaL]

3. Antibodies are a treatment, not a vaccine.

Very expensive. Not everybody will be able to get access to it.

[Boogiemack]

5. If it does work, it will not be free. Even if patients pay nothing, the amount of money

Trump will give to Regeneron from Fed revenues will be unprecedented.

[LisaL]

6. And it's extremely expensive.

Antibodies are not cheap to make.

[SheltieLover]

7. I'd read $1.5 mill!

Who could afford even the copay? 😳🤯

[duforsure]

8. Its a profit thing for trump

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]

9. Standard Republican corruption.

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.