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Biotech / Medical : Coronavirus / COVID-19 Pandemic

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From: Thomas M.6/3/2024 9:01:44 PM
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97% of all NIH pharma royalties went to Fauci's NIAID organization. 260 NIAID scientists got $2.65M in royalties each, on average.

NIH scientists made $710M in royalties from drug makers — a fact they tried to hide

During the pandemic, the American people started to feel that Big Government was very cozy with Big Pharma.

Now we know just how close they were.

New data from the National Institutes of Health reveal the agency and its scientists collected $710 million in royalties during the pandemic, from late 2021 through 2023. These are payments made by private companies, like pharmaceuticals, to license medical innovations from government scientists.

Almost all that cash — $690 million — went to the National Institute of Allergy and Infectious Diseases, the subagency led by Dr. Anthony Fauci, and 260 of its scientists.

Information about this vast private royalty complex is tightly held by the National Institutes of Health (NIH). My organization, OpenTheBooks.com, was forced to sue to uncover the royalties paid from September 2009 to October 2021, which amounted to $325 million over 56,000 transactions.

We had to sue a second time, with Judicial Watch as our counsel, to pry open this new release.

Payments skyrocketed during the pandemic era: Those years saw more than double the amount of cash flow to NIH from the private sector, compared to the prior 12 combined. All told, it’s $1.036 billion.

It’s unclear if any of the COVID vaccine royalties from Pfizer and Moderna, the latter of which settled with NIH by agreeing to pay $400 million, is even included in these new numbers. NIH isn’t saying.

[continued ...]

msn.com

Adam Andrzejewski is the CEO and founder of OpenTheBooks.com, the largest private database of public spending.

Tom
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