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https://t.co/mFaXfMWzCxON MONDAY AFTERNOON, the Food and Drug Administration granted Gilead Sciences “orphan” drug status for its antiviral drug, remdesivir. The designation allows the pharmaceutical company to profit exclusively for seven years from the product, which is one of dozens being tested as a possible treatment for Covid-19, the disease caused by the new coronavirus.
Experts warn that the designation, reserved for treating “rare diseases,” could block supplies of the antiviral medication from generic drug manufacturers and provide a lucrative windfall for Gilead Sciences, which maintains close ties with President Donald Trump’s task force for controlling the coronavirus crisis. Joe Grogan, who serves on the White House coronavirus task force, lobbied for Gilead from 2011 to 2017 on issues including the pricing of pharmaceuticals.
+ Public Citizen: “One section of the Senate’s stimulus plan contains language preventing companies from using bailout money to buy back their own stock or raise CEO pay. The very next section gives Steve Mnuchin the power to COMPLETELY IGNORE THE PREVIOUS SECTION. Jaw-dropping corruption.”
https://www.counterpunch.org/2020/03/30 ... f-america/I had it tough in the beginning and easy in the end. You, Willy, have had it easy in the beginning, but will likely have it tough in the end.