Posted on 03/31/2025 6:39:46 PM PDT by hardspunned
Pharma stocks tumbled today after Peter Marks, M.D., Ph.D., director of the agency within the U.S. Food and Drug Administration (FDA) responsible for authorizing vaccines, resigned under pressure from his new boss, Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. "If Peter Marks does not want to get behind restoring science to its golden standard and promoting radical transparency, then he has no place at FDA under the strong leadership of Secretary Kennedy," an HHS official said in a statement.
Shares of Moderna, BioNTech, Novavax and Pfizer declined 11%, 7%, 6% and 2%, respectively, on the news, Fast Company reported. STAT News reported that Marks' departure "is a worst-case scenario realized" for investors and "a biopharma industry that saw him as an ally." "Given Dr. Marks' influence on the development of biologics and uncertainty as to who will replace him and how his legacy might continue, his departure will create a significant near-term overhang," William Blair analyst Matt Phipps told Reuters.
The Biotechnology Innovation Organization, an industry lobbying group, said it was “deeply concerned” Marks’ resignation would “broadly impact the development of new, transformative therapies to fight diseases for the American people.”
Brian Hooker, Ph.D., chief scientific officer for Children’s Health Defense (CHD), said the reaction to Marks’ departure on the part of the markets and the pharmaceutical industry is indicative of the influence Big Pharma had over the FDA. He said:
“Marks gave an over $100 billion gift to Pfizer and Moderna via the woefully undertested and outright dangerous COVID-19 mRNA vaccine. So, yes, for the short term, I would imagine that some investors would not like his departure from the FDA.
“Marks’ departure also signals a shift from ‘sick care’ and ‘customers for life’ where, unfortunately, Pharma invests now, to ‘Make America Healthy Again’
(Excerpt) Read more at childrenshealthdefense.org ...
BesT news Ive heard all day!
Dr. Patrick Soong-Shiong? That would get some people worked up.
Well that tells a lot if Big Pharma was “upset” this guy is gone. Big Pharma should not be joyful or upset with anyone at FDA. FDA should be just doing its job objectively.
Big Pharma can go f itself.
My very smart MD, who did not go to med school in the USA where med schools are funded by BigPharma, said, NO, I did not need a covid shot. AND he prescribes 10 nutritional supplements for me. In the last 17 years, I had one cold, lasted five days. He asked me to call him if my BP got too low.
10 nutritional supplements
Holy cow! Care to share?
a $100 billion here, $100 billion there, pretty soon we’re talking big money.
My blood pressure has always been lower than average, but it was 101/50 last week at the doctor’s office.
It hasn’t been that low since I was in my early days as an Air Force member.
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ME TOO!! Thank you ROBERT F KENNEDY JR!!!!!!
Pfizer is up 13 cents for the day.
Good job Bobby!
That girl grew up quick, but the original pic may have been 10 years ago now, so it seems believable.
prayers
That’s excellent.
Amen!
Stocks fall when investors see a company loses a government contract.
And...Big Pharma also supplies countless generics from Chicomland and India to name a couple non-USA made.
Now THIS is change you can believe in! Thank you Bobby
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