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Tuesday, April 07, 2020

It's about money

Well, that didn't take long - yesterday I opined that the reason Trump was promoting an old malaria drug for the coronavirus had to be financial, and today in Forbes: Trump Has ‘Small,’‘Distant Link’ To Sanofi, French Drugmaker Of Hydroxychloroquine

And from The New York Yimes - Trump’s Aggressive Advocacy of Malaria Drug for Treating Coronavirus Divides Medical Community

[...] Some associates of Mr. Trump’s have financial interests in the issue. Sanofi’s largest shareholders include Fisher Asset Management, the investment company run by Ken Fisher, a major donor to Republicans, including Mr. Trump. A spokesman for Mr. Fisher declined to comment.

Another investor in both Sanofi and Mylan, another pharmaceutical firm, is Invesco, the fund previously run by Wilbur Ross, the commerce secretary. Mr. Ross said in a statement Monday that he “was not aware that Invesco has any investments in companies producing” the drug, “nor do I have any involvement in the decision to explore this as a treatment.”

As of last year, Mr. Trump reported that his three family trusts each had investments in a Dodge & Cox mutual fund, whose largest holding was in Sanofi.

Ashleigh Koss, a Sanofi spokeswoman, said the company no longer sells or distributes Plaquenil in the United States, although it does sell it internationally.

Several generic drugmakers are gearing up to produce hydroxychloroquine pills, including Amneal Pharmaceuticals, whose co-founder Chirag Patel is a member of Trump National Golf Course Bedminster in New Jersey and has golfed with Mr. Trump at least twice since he became president, according to a person who saw them ...


And then there's Jared: Jared Kushner Once Controlled a Firm Now Running a Coronavirus Testing Website

Trust Trump and the Republicans to figure out how to make a buck from the suffering of others.

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