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CBS News: Moderna disclosed that CEO Stéphane Bancel had sold nearly 17,000 shares on Wednesday in three different transactions at $70 per share. The day’s stock sales generated $1.2 million for the CEO.
In all, four of Moderna’s top executives netted a total of $30 million in stock transactions in the past few days, including the company’s top legal officer, its top scientist and its chief financial officer, the SEC filings show.
Moderna’s vaccine results have yet to be reviewed by outside medical experts and published in a medical journal, and some have questioned whether the company was too quick to publicize the trial data. Nonetheless, Dr. Anthony Fauci, the nation’s top infectious disease specialist, and others have called the results “quite promising.”
Tal Zaks, Moderna’s chief medical officer, was quoted in the company’s press release Monday as stating that even at a very low dose the company’s vaccine had been shown to be effective and that “these data substantiate our belief that [the company’s vaccine] has the potential to prevent COVID-19 disease.”
The following day, Zaks sold just over 125,000 shares of the company’s stock for about $78 each.
Last week Moderna Therapeutics announced that they had concluded preliminary stage one testing of a vaccination that they have been working on for the treatment and protection of the Coronavirus a.k.a Covid 19. Moderna is a Cambridge, Massachusetts based company that has never had a vaccination approved by the FDA in the United States before. This was on Monday May 18th so it was big news. Bill Gates is a big donor to Moderna and Dr. Fauci’s business at the National Institute of Allergy and and Infectious Disease is the organization running the Moderna clinical trials. So obviously Gates and Fauci have huge vested interests in Moderna’s success with this clinical trial. I have been keeping my eye on Fauci and he has been plugging Moderna every chance that he get’s and even last week he ‘plugged’ Moderna twice in the press during Moderna’s surge in stock prices. Even Donald Trump’s new Coronavirus Vaccine Drug Czar Moncef Slaoui got caught in the Moderna stock fiasco as his share prices rose 30% after the Phase One Testing announcement came out. He would have profited 3.4 million from his stock share rise, but did the right thing and forgoed his profit. He wanted to keep it, but thought otherwise. In the meantime I ask the question, is this not a conflict of Interest for Anthony Fauci to be pumping the tires of a pharmaceutical company that he has close ties with – especially when he is sitting on the white House Coronavirus Task Force? Over to you Donald Trump.