Wednesday, November 02, 2005

Flu Plan Revealed & More Rummy/ Tamiflu Ties

SO, Bush revealed his Avian Flu Plan... and I sincerely hope that this gets the ball rolling on this incredibly scary-ass issue, but even more info is coming out about Rumsfeld's questionable connection to Tamiflu: "Rumsfeld served as Gilead (Research)'s chairman from '97 until he joined the Bush administration in '01, and he still holds a Gilead stake valued at between $5 and $25 million, according to federal financial disclosures filed by Rummy. The forms don't reveal the exact number of shares Rumsfeld owns, but in the past 6 months fears of a pandemic and the ensuing scramble for Tamiflu have sent Gilead's stock from $35 to $47. That's made the Pentagon chief, already 1 of the wealthiest members of the Bush cabinet, at least $1 million richer. Rummy isn't the only political heavyweight benefiting from demand for Tamiflu. Former Secrt of State George Shultz, who is on Gilead's board, has sold more than $7 million worth of Gilead since the beginning of '05. Another board member is the wife of former CA Gov Pete Wilson. "I don't know of any biotech company that's so politically well-connected," says analyst Andrew McDonald of Think Equity Partners in San Francisco.
Posted by Tina :: 12:26 AM :: 0 Comments:

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