Guest guest Posted April 27, 2000 Report Share Posted April 27, 2000 > andysch@... wrote: > A glimpse into the corrupt, megabucks world of obtaining FDA approval > for vaccines is attached below. Note the $240,000 in consulting fees > whether the person " performs any work or not " and the total of $13 > million to cover operating expenses and pay consultants " to help > [vaccine manufacturer] win Food and Drug Administration license > approval. " Andy > > Audit: Vaccine producer needs bailout > USA TODAY, DATE: 04/13/00 > By Stone > > WASHINGTON -- The sole US producer of the anthrax vaccine has wasted > millions of dollars on office renovations, travel and consulting fees > and now needs a " substantial " government bailout to survive, a Pentagon > inspector general's audit has found. Although the company indicated it > would ask for no more, the report said officials announced in December > that they needed another $13 million to cover operating expenses and pay > consultants to help it win FDA license approval by October. > > The company failed an FDA safety inspection in November that found more > than 40 problems at BioPort's newly renovated plant. As a result, 2.25 > million anthrax vaccine doses have been labeled " at risk " and are > unsuitable for use. The audit criticized the company for spending more > than $2 million on " inappropriate " improvements, including $23,000 for > the chief executive's office furniture. A former employee received a > $160,000 severance package and was promised a minimum of $240,000 in > consulting fees " whether he performs any work or not, " auditors said. Quote Link to comment Share on other sites More sharing options...
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