Posted on 05/10/2022 10:12:44 AM PDT by RicocheT
It's the first time since 2005 that the NIH royalty payments receive oversight.
Last year, the National Institutes of Health – Anthony Fauci’s employer – doled out $30 billion in government grants to roughly 56,000 recipients. That largess of taxpayer money buys a lot of favor and clout within the scientific, research, and healthcare industries.
However, in our breaking investigation, we found hundreds of millions of dollars in payments also flow the other way. These are royalty payments from third-party payers (think pharmaceutical companies) back to the NIH and individual NIH scientists.
We estimate that between fiscal years 2010 and 2020, more than $350 million in royalties were paid by third-parties to the agency and NIH scientists – who are credited as co-inventors.
Because those payments enrich the agency and its scientists, each and every royalty payment could be a potential conflict of interest and needs disclosure.
I think I also read that he’s been getting paid for any little TV bit he does.
This article uses typical obfuscation methods:
1. In 2021, NIH made $30 billion in grants to 56,000 recipients.
2. From 2010 and 2020, $350 million in royalties were received by NIH. That’s $35 million per year.
When you divide the numbers, you see that the royalty inflow is 0.001 of the grant outflow. That is 1/10 of one percent. In laymen’s words, smaller than mouse nuts.
But there is no doubt the $30 B outflow influences all the recipients to get the “right” answers their benefactor wants which thereafter support the NIH positions on medical matters.
Ping
Yes, and they used PUBLIC resources to develop these private patents. Ask the guys who work in Corporate America and have to sell their patents for $1.00 back to the employer because they used COMPANY resources to develop their patents.....IS THIS FAIR?
It’s outrageous and disgusting.
Racism and slavery do pay. His crimes against humanity must be stopped.
That's incorrect. I have patents that belong to companies, but it is because I agreed to it in the employment agreement.
If you want to work for someone else and keep your intellectual property you must negotiate it in the employment agreement (good luck getting hired).
A major corporate monster I once worked for claimed in their employment agreement that they owned my thoughts too! Meaning as long as I was employed by them if I was home sitting around and doodling and I came up with something, they owned it. I stayed with them about two years.
Yep, many are onerous. Just a condition of employment.
But if they want to employ you, you can (and should) negotiate.
Ping
In industry, inventors working for a compado not get royalties on their inventions. As part of the employment contract, you give away rights ahead of time.
It’s fair, however not popular.
What a grift that government employees get royalties!!! And often, listing someone from an approving (or monetary granting) agency as co-inventor is complete BS, but done to bribe them. I’ve seen it a dozen times, in med device industry.
Cushiest jobs, highest retirements, lowest hours worked, tons of vacation time, often dumb as a box of rocks...and kickbacks! Our government employees at work.
Want to know just how corrupt the FDA/NIH relationship is with Big Pharma, take a look at this article about the prostate cancer treatment drug Xtandi.
I’ve been interested in this particular drug because I’ve been taking it for metastatic prostate cancer for almost four years. Fortunately for me, it only costs me $11/month through the VA.
Full retail is close to $6,000/month. The VA pays about $3,600/month.
A few years ago, a Canadian pharmaceutical company told the FDA they could produce, market, and sell Xtandi for just $360/month. The FDA refused. BTW, Pfizer has the rights to manufacture and sell Xtandi. What a surprise.
https://www.latimes.com/business/story/2022-02-10/xtandi-pricing-prostate-cancer-drug
The story about Lupron is similar, but the pharma company that makes that drug uses the scam of evergreens government to keep renewing the patent so generic phara companies can’t market it. This drug is also used for prostate cancer
A fancy mechanism for indentured servitude!
A fancy mechanism for indentured servitude!
bttt
That’s one of the reasons when they talk about “investments” of our tax dollars we never see a return. This has been going on for years. Sesame street produced by tax dollars but do you think we get a cut of every Elmo doll sold?
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