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House Speaker Nancy Pelosi (D-Calif.) dismissed any notion Thursday that her sponsorship of Medicaid legislation that would likely help her husband's financial holdings in a pharmaceutical company presented a conflict of interest.
She also stressed there was no need to divest any stock that her husband holds in Johnson & Johnson, a company that makes and markets HIV-related drugs that could be helped by the Early Treatment of HIV Act, which Pelosi introduced last summer.
"Pelosi's submittal of the ETHA bill coincided with an anomalous, large donation to her campaign by Amgen executives," Robison told Cybercast News Service. "At no other time has she received donations of that magnitude from Amgen. She has significant personal ties to Amgen and through its licensing agreement with Johnson & Johnson, a financial stake to her own purse."
The firm Ortho Biotech, an affiliate of Johnson & Johnson, sells Procrit under a license from Amgen.