Biden’s Pick for FDA Chief Formerly Worked as a Big Pharma Consultant, Has Millions in Big Pharma Investments

(B.N. Frank) The Food and Drug Administration (FDA) is supposed to protect Americans from unsafe products.  They have a long history of not doing so.  One glaring example, earlier this year, the agency approved an Alzheimer’s drug that

Related The FDA’s Cozy Relationship with the Pharmaceutical Industry

Source – Activist Post

by B.N. Frank, December 28th, 2021

Recently the drug company cut the price for the controversial drug in half.  But I digress.

Decisions that benefit industries while putting Americans at risk seem to be the norm at the FDA.  Experts continue to blame the agency for significantly contributing to the Opioid Crisis.  Nevertheless, Biden’s pick for the new chief has considerable ties to Big Pharma and it’s not going unnoticed.

From Common Dreams:

Citing Multimillion-Dollar Big Pharma Ties, Sanders to Vote ‘No’ on Biden’s Pick for FDA Chief

“We need leadership at the FDA that is finally willing to stand up to the greed and power of the pharmaceutical industry. In this critical moment, Dr. Califf is not the leader Americans need at the agency.”

Sen. Bernie Sanders on Tuesday said he would oppose President Joe Biden’s nomination of Dr. Robert Califf to lead the U.S. Food and Drug Administration for the second time, citing the cardiologist’s multimillion-dollar ties to Big Pharma.

“One of the major reasons the pharmaceutical industry, among many others, is so powerful is its close relationship with the FDA and other regulators in Washington.”

Califf—who served as FDA commissioner during the final 11 months of the Obama administration—mostly skated through a congenial Senate confirmation hearing Tuesday. According to STAT, his only stumble occurred when he was pressed about the FDA’s role and failings in the opioid crisis.

The Associated Press reports Senate Health, Education, Labor, and Pensions Committee Chair Patty Murray (D-Wash.) and the ranking Republican member, Sen. Richard Burr of North Carolina, both said they would vote to confirm Califf.

Sanders (I-Vt.), however, reprised his 2015 confirmation grilling of Califf over his lucrative ties to Big Pharma.

“One of the major reasons the pharmaceutical industry, among many others, is so powerful is its close relationship with the FDA and other regulators in Washington,” the democratic socialist, who twice ran for president on a Medicare for All platform, said during the hearing. “What kind of comfort can you give to the American people when you have been so closely tied to the pharmaceutical industry yourself?”

Califf—who has made millions of dollars as a consultant for more than a dozen pharmaceutical corporations and who holds millions more in Big Pharma investments—replied that he was “totally with” Sanders, agreeing that “the price of pharmaceuticals is way too high in this country.”

Sanders said he would once again vote to reject Califf’s nomination.

“Nine out of the last 10 FDA commissioners went on to work for the pharmaceutical industry or to serve on a prescription drug company’s board of directors.”

“At a time when the American people pay the highest prices in the world for prescription drugs and as drug companies continue to be the most powerful special interest in Washington, we need leadership at the FDA that is finally willing to stand up to the greed and power of the pharmaceutical industry,” Sanders said in a statement.

“Not only have the drug companies spent over $4.5 billion on lobbying and hundreds of millions of dollars in campaign contributions over the past 20 years, they also have created a revolving door between the FDA and the industry,” he continued. “Shockingly, nine out of the last 10 FDA commissioners went on to work for the pharmaceutical industry or to serve on a prescription drug company’s board of directors.”

“Unfortunately, Dr. Califf is not the exception to that rule,” Sanders said. “After leaving the FDA in 2017, he received consulting fees from Merck, Biogen, and Eli Lilly. According to his financial disclosure form, he owns up to $8 million in the stocks of major drug companies.”

“That is exactly the close relationship Big Pharma has exploited to regulate the FDA, instead of the FDA regulating them,” he added. “The Covid-19 pandemic has made clearer than ever the choice between pharmaceutical profits and the health of our people. In this critical moment, Dr. Califf is not the leader Americans need at the FDA and I will oppose his nomination.”

Sixty-nine current senators voted for Califf’s previous nomination.

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Source:

https://www.activistpost.com/2021/12/bidens-pick-for-fda-chief-formerly-worked-as-a-big-pharma-consultant-has-millions-in-big-pharma-investments.html