Bush Administration to Stockpile Tamiflu; Rummy To Profit 
President Bush is currently giving his "strategy" speech on the response to the threat of an avian flu pandemic. As MSNBC reports, the plan will cost $7 billion. As part of this plan, the government will stockpile Tamiflu, Bush has announced. And Defense Secretary Rumsfeld will profit handsomely:
NEW YORK (Fortune) - The prospect of a bird flu outbreak may be panicking people around the globe, but it's proving to be very good news for Defense Secretary Donald Rumsfeld and other politically connected investors in Gilead Sciences, the California biotech company that owns the rights to Tamiflu, the influenza remedy that's now the most-sought after drug in the world.
Gilead is the sole maker of Tamiflu, and initially fought demands to allow generic productions of the drug. Rumsfeld served as Gilead's chairman from 1997. He still holds a Gilead stake valued at between $5 million and $25 million.
KEYWORDS: avian flu
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Bush Administration to Stockpile Tamiflu; Rummy To Profit | 1 comment (1 topical, editorial, 0 hidden)
Bush Administration to Stockpile Tamiflu; Rummy To Profit | 1 comment (1 topical, 0 editorial, 0 hidden)
