Posted on 04/07/2020 6:20:08 AM PDT by SeekAndFind
President Donald Trump reportedly owns a stake in a company that produces hydroxychloroquine, the anti-malaria drug he has repeatedly touted as a coronavirus treatment even though his experts say there’s no strong evidence it works.
Trump “has a small personal financial interest” in Sanofi, the French drugmaker that makes Plaquenil, the brand-name version of hydroxychloroquine, The New York Times reported Monday.
In addition, Sanofi’s largest shareholders include a mutual fund company run by major Republican donor Ken Fisher, the paper said. Trump’s three family trusts, as of last year, each had investments in a mutual fund whose largest holding was Sanofi, according to the Times. Commerce Secretary Wilbur Ross also had ties to the drugmaker, the Times reported.
Trump’s “assertiveness” in promoting the drug contrary to the recommendation of top health experts “has raised questions about his motives,” the Times noted.
A chorus of Trump supporters with no medical expertise have backed the president’s urging of doctors to treat COVID-19 patients with the drug, including his personal lawyer, Rudy Giuliani, and Fox News host Sean Hannity.
In the face of warnings from top infectious disease expert Dr. Anthony Fauci that the drug’s safety and effectiveness are uncertain in treating COVID-19, Trump has continued to laud its supposed benefits.
“What do you have to lose?” he asked at a press briefing this week urging those sick with the virus to take the drug.
Turns out plenty.
“There could be deaths,” American Medical Association President Dr. Patrice Harris said. “This is a new virus, and so we should not be promoting any medication or drug for any disease that has not been proven and approved by the FDA.”
(Excerpt) Read more at huffpost.com ...
What total bullcrap.
Investments in a mutual fund that holds a stock...
That’s so attenuated that you could allege conflicts of interest for 90% of people who have any investment or retirement savings.
I suggest all democrats refuse to take the anti-malaria drug once they contract COVID 19. That way they can refuse to have any part of Trump.
And how many hydroxychloroquine manufacturers are there? Its been off patent for decades.
The stuff sells for pennies per pill.
The patent for the medicine has expired, so anyone can make it now.
This is a person who should get sick just so they could watch them die and refuse treatment.
They never stop!
So do I, I’m sure one of my pharma etf’s has a maker of this stuff.
These @&$&s are pure evil. He started promoting it because of early anecdotes from doctors in other countries.
“investments in a mutual fund “
Lol. What a joke. Pathetic.
So what? The drug has been generic for a long time, so no one is going to pay more just to get trade name Plaquenil from Sanofi.
If it's through a mutual fund, then millions of other people have a stake in the company as well, including, I would guess, a number of congress maggots and urinalists. So once again, a half-assed misleading story is presented in such a way that it impugns the motives of Donald Trump by telling only a sliver of the story. Typical fake news.
Nobody is going to get rich off a generic drug. But they will over some new expensive drug.
Any new vaccine for this virus will be hugely expensive, hydroxychloroquine costs like $10 for a prescription, follow the money, add in the Trump factor and you have insanity coming from the left...
People who hate capitalism would have no clue as to how a mutual fund works. So what else would you expect?
A man that’s already worth over $16 billion and donates his salary?
Libs are more than mentally challenged, they’re dumber than a box of rocks.....you can’t fix STUPID.
Gee,*that* didn’t take long!
Gee, I wonder if the PuffHost also breathlessly told people about how Disney, Microsoft, Apple, and all sorts of brand names in the West have interests in China and it’s brutal dictatorship and dirt poor society which has acted as the breeding ground for viruses and pathogens?
The author of this article lives up to his name.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.