Elizabeth Warren slammed COVID-19 vaccine czar Moncef Slaoui after it is revealed that he holds stock options in a company working to develop a vaccine.
“It is a huge conflict of interest for the White House’s new vaccine czar to own $10 million of stock in a company receiving government funding to develop a COVID-19 vaccine. Dr. Slaoui should divest immediately.”
— Elizabeth Warren
Slaoui is a former pharmaceutical executive (which you think would be disqualifying enough) and was named “chief scientist” last week for Trump’s Operation Warp Speed, a COVID-19 vaccine development operation.
According to Business Insider, he did step down from the the board of directors of biotech company Moderna Inc., based in Cambridge, Massachusetts, but Slaoui still owns 155,000 Moderna stock options, totaling more than $10 million.
Moderna last month announced that it received $483 million in federal funding for vaccine development, which sent its stocks up 15%.
Slaoui said he was “more confident” after seeing “early data from a clinical trial.” He did not name which company was conducting the trial. But health publication Stat News said that it was probably Moderna, the company Slaoui stands to profit from, because he likely had access to that information.
The New York Times says Moderna’s experimental coronavirus vaccine just entered Phase 2 of clinical trials.
Money & power or life? If it’s not clear what Trump’s priorities are at this point, you must be a blind Republican.
HuffPost: Trump's COVID-19 vaccine czar holds $10 million in stock options in one of the companies working to develop a COVID-19 vaccine.— Kyle Griffin (@kylegriffin1) May 17, 2020
Elizabeth Warren slammed it as a "huge conflict of interest" and is demanding Moncef Slaoui "divest immediately." https://t.co/rv20s7AMku