{"id":76538,"date":"2020-10-26T15:58:00","date_gmt":"2020-10-26T15:58:00","guid":{"rendered":"https:\/\/organicconsumers.org\/?p=76538"},"modified":"2020-10-26T15:58:00","modified_gmt":"2020-10-26T15:58:00","slug":"trump-sets-pharma-billionaires-coronavirus-payday","status":"publish","type":"post","link":"https:\/\/organicconsumers.org\/trump-sets-pharma-billionaires-coronavirus-payday\/","title":{"rendered":"Trump Sets Up Pharma Billionaires for Coronavirus Payday"},"content":{"rendered":"<p data-reactid=\"180\"><span style=\"font-size:16px;\"><em><strong>Regeneron\u2019s federally funded Covid-19 treatment, which was used to treat Donald Trump, will likely be unavailable to most patients.<\/strong><\/em><\/span><\/p>\n<p><span style=\"font-size:16px;\">The development of&nbsp;the antibody cocktail used to&nbsp;<a href=\"https:\/\/theintercept.com\/2020\/10\/02\/trump-tests-positive-covid-48-hours-mocking-biden-wearing-mask\/\" target=\"_blank\" rel=\"noopener\">treat<\/a>&nbsp;President Donald Trump for Covid-19 \u2014&nbsp;which he heralded as a cure for the disease \u2014 was funded largely by the U.S. government, yet the Trump administration has apparently failed to set any guarantees that the treatment would be affordable. The biopharmaceutical company Regeneron, led by the two highest paid executives in the industry, received hundreds of millions in public funds during the research and development of the antibody therapy, and now stands to make a killing from its potentially lifesaving treatment.<\/span><\/p>\n<p><span style=\"font-size:16px;\">Leonard Schleifer and George Yancopoulos founded Regeneron in 1988 to focus on neurological problems and rare disorders, but the company\u2019s early years were rocky. One of its first products, envisioned as a treatment for Lou Gehrig\u2019s disease, proved a&nbsp;<a href=\"https:\/\/www.latimes.com\/archives\/la-xpm-1997-01-11-fi-17471-story.html#:~:text=Amgen%20Inc.,against%20the%20fatal%20nerve%20disease.\" target=\"_blank\" rel=\"noopener\">high profile failure<\/a>&nbsp;in 1997 when data showed it was ineffective against the fatal neurological disorder.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p><span style=\"font-size:16px;\">The development of&nbsp;the antibody cocktail used to&nbsp;treat&nbsp;President Donald Trump for Covid-19 \u2014&nbsp;which he heralded as a cure for the disease \u2014 was funded largely by the U.S. government, yet the Trump administration has apparently failed to set any guarantees that the treatment would be affordable.<\/span><\/p>\n","protected":false},"author":20,"featured_media":76539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1024,1031],"tags":[33,39,40,9],"organicbytes":[],"countries":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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