Fauci, Collins Shared In ‘Secret’ NIH ‘Royalties’ Totaling $350M: Watchdog Report
Anthony Fauci, Francis Collins and other bigwigs at the National Institutes of Health reaped more than $350 million in secretive “royalty” payments from drug companies and other third parties over a 10-year period, according to an explosive new report from a watchdog organization.
The report from OpenTheBooks.com said the royalty payments, including at least 23 to Fauci and 14 to his former boss, Collins, were paid out between 2010 and 2020. Government scientists got the payments for being credited as “co-inventors” of various treatments and pharmaceutical products, according to the report.
“Because those payments enrich the agency and its scientists, each and every royalty payment could be a potential conflict of interest and needs disclosure,” OpenTheBooks.com co-founder and CEO Adam Andrzejewski wrote. “NIH is a revolving door of tens of billions of dollars in government grant-making coupled with hundreds of millions of dollars in private – non-transparent – royalty payments.”
The report paints an incestuous picture of the NIH doling out $30 billion a year in grants to some 56,000 recipients in Big Pharma, research institutes and other entities, with money flowing back to the secretive agency’s scientists and senior management in the form of huge royalty payments. It is not yet known how much the payments to Fauci, who is the U.S. government highest-salaried employee at $456,028, totaled. – READ MORE
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