Biden science adviser in conflict with COVID vaccine work

Biden science adviser in conflict with COVID vaccine work

President Biden’s pick for the government’s top scientist will have to refrain from working on COVID vaccine issues until he cedes up to $ 1 million in stock in a company that makes one, the White House told Axios.

Why it matters: Dr Eric Lander also won’t be working on other issues that could affect his sizable portfolio until he’s fully divested, the White House said. It could take months, potentially crippling a key administration at a crucial time.

What’s new: in financial disclosure paperwork made public on Monday, Lander, a renowned geneticist at MIT appointed to head the White House Bureau of Science and Technology Politics, disclosed to own shares valued between $ 500,000 and $ 1 million in the company BioNTech.

  • The company is making a vaccine with Pfizer that was among the first two to receive emergency use authorization.
  • It was just one of many holdings in Lander’s portfolio, which includes many other pharmaceutical and biotech companies.
  • Lander was the founder of biopharmaceutical company Codiak Biosciences and disclosed equity in the company worth between $ 5 million and $ 25 million. This company also sought to develop a COVID vaccine.
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