“No one should be surprised by President Trump’s inaction on lowering drug prices. After three and a half years of endless empty rhetoric, he still hasn’t actually done anything to take away drug corporations’ power to charge whatever they want or help millions of people struggling to afford prescriptions medicines. This Executive Order was never about lowering drug prices for struggling patients. Full stop.”
As President Trump and Republican delegates arrive today in Charlotte for the Republican National Convention, they’ll be greeted by a roving billboard criticizing Trump for failing to help seniors access their prescription medicines.
WASHINGTON, DC – Today, Lower Drug Prices Now released a new report, “Pandemic Profiteering: How Pharma Insiders Are Using News of Government Awards and Trial Results to Boost Their Stock Prices and Profiteer Without a Vaccine,” that shows how Big Pharma corporate executives and industry insiders are profiteering from the COVID-19 pandemic. The report highlights how executives and insiders are using news of Operation Warp Speed contracts as well as clinical trial results to drive speculation, inflate stock prices and pocket hundreds of millions without any guarantee of a safe and effective vaccine.”
“The Trump administration has abandoned its responsibility to the American people, opting once again to funnel billions of taxpayer dollars to a corporation that has refused to comply with basic disclosure requirements and has no proven track record. At a time when the public is desperate for a safe and successful vaccine, this administration continues to undermine the American people’s trust, handing over more of our tax dollars to corporations focused on inflating profits, not public health.”
This week U.S. Senators Tina Smith (D-Minn.) and Jeff Merkley (D-Ore.) introduced legislation to ensure that any taxpayer-funded vaccine or treatment for coronavirus (COVID-19) proven to be safe and effective will be accessible, affordable, and available to all individuals.
WASHINGTON, D.C. – Public Citizen and Lower Drug Prices Now today filed two additional ethics complaints [here and here] regarding COVID-19 vaccine czar Dr. Moncef Slaoui, following an initial complaint to the U.S. Department of Health and Human Services (HHS) Office of the Inspector General (OIG) in May that resulted in no action.
“Moderna just admitted that its covid vaccine is 100% taxpayer-funded, only a week after comfortably stating before Congress that it plans to make a profit on a vaccine the American people have already paid nearly a billion dollars to develop. Moderna executives and insiders have already made $200 million off of the stock gains resulting from announcements of vaccine trials and government awards.”