I must admit that this news has my heart beating just alittle faster.
Anyway, I thought I would post this as some members may be interested, but this Tamiflu appeared to be a Rumsfeld baby at one point
Secretary of Defense Donald Rumsfeld has made more than $5 million from selling shares in the firm that discovered and developed the flu drug
Tamiflu.
He also retains shares worth $25 million or more. Tamiflu is bought in mass quantities by the government in order to treat a predicted outbreak of
avian flu. The drug was developed by Gilead Sciences. Mr. Rumsfeld was on the board of Gilead between 1988 and 2001, and was chairman starting in
1997. When he left to join the Bush administration, he retained a large shareholding .
In 2003, the year before concerns about bird flu began, the company took a loss. But in 2004, Tamiflu sales nearly quadrupled, and then nearly
quadrupled again in 2005. Divestiture of his stocks in the corporation is not required by the Office of Government Ethics or the Department of
Defense Standards of Conduct Office.
Source
Bush wants to give (has given?) about seven billion dollars to Rumsfeld's old company to purchase Tamiflu- patented by Gilead, a Bay Area pharma
company. Donald Rumsfeld was the Chairman of the Board of Gilead (i.e the owner) from 1997-2001, interestingly enough, and still holds stock in the
company. Their share price, last I checked, went from $35 to $47 a chair - nice jump, especially for those who had the insider line. Maybe Mr
Rumsfeld got upset about the fat handouts Cheney's Halliburton has received from the government, and has put the pressure on to get a little cash
flow headed his way. Gilead owns the intellectual property rights to Tamiflu but has licensed them to Roche, the manufacturer of the drug.
Source
A drug company profiteering after the Bird FLu scare - interesting that Donald Rumsfeld himself gained from it.
If this has already been posted, apologies. If not, I'll look more into this, but interesting to note that Companies with direct links to the
Government always profit after a war, disaster or emergency!
Muckety Map
Tamiflu Useless?