Moderna, Bill Gates, U.S. Federal Funding, Trump's "Warp Speed" Appointee Dr. Moncef Slaoui

[PAF]

Moderna, Bill Gates, U.S. Federal Funding, Trump's "Warp Speed" Appointee Dr. Moncef Slaoui

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Moderna Soars After Getting $483 Million in Federal Funding for Coronavirus Vaccine Development

https://www.cnbc.com/2020/04/17/moderna-soars-on-483-million-in-funding-for-coronavirus-vaccine.html

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In 2016, Moderna Wins Initial $20M Grant from Gates Foundation.

The grant is intended for use in the antibody combination's preclinical study and a Phase I clinical trial. Gates Foundation’s $20 million funding could potentially grow into a total $100 million commitment—including the HIV antibody project—toward development of additional mRNA-based treatments for various infectious diseases, Moderna said.

https://www.genengnews.com/topics/omics/moderna-wins-initial-20m-grant-from-gates-foundation/

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The effort is funded by the Coalition for Epidemic Preparedness Innovations, a group started by Norway and India, the Bill & Melinda Gates Foundation, the Wellcome Trust, and the World Economic Forum. 

Moderna said the NIH will soon run early studies to allow for human testing, with plans to start a clinical trial in the US. Moderna did not specify a development timeline.

Moderna, a $7 billion biotech, on Thursday announced a collaborative effort with the National Institutes of Health to use its genetic drug development platform to produce an experimental vaccine. The biotech Inovio is also working on a vaccine, as are researchers at the University of Queensland, according to the Coalition for Epidemic Preparedness Innovations, which is funding the efforts.

CEPI was started by Norway and India, the Bill & Melinda Gates Foundation, the Wellcome Trust, and the World Economic Forum.

https://www.businessinsider.com/vac...-cornonavirus-moderna-inovio-cepi-2020-1?op=1


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Moderna

Executive

Since 2011, Moderna has been led by CEO Stéphane Bancel, a French businessman who is not a scientist and comes from a pharma sales and operations background. Bancel has been described as having a secretive approach to Moderna, and of being a tough operator. Though never having worked with RNA before, Stat noted that Bancel "is listed as a co-inventor on more than 100 of Moderna's early patent applications, unusual for a CEO who is not a PhD scientist". After Noubar Afeyan and Robert Langer, Bancel is the largest individual shareholder in the company.

Stephen Hodge is President and a former McKinsey & Company management consultant who joined in 2012; he is the fourth-largest individual shareholder in the company.

Lorence Kim is CFO and a former Goldman Sachs biotech investment banking managing director who joined in 2014; he is the fifth-largest individual shareholder in the company.


Board

Since 2011, the Chairman of Moderna has been the CEO of Flagship Pioneering, businessman Noubar Afeyan. Afeyan holds his interest in Moderna through various Flagship Pioneering vehicles, however, at the 2018 IPO, documents filed stated that Afreyan owned 19.5% of the company, while Flagship owned 18%, thus giving Afreyan control over 37.5% of the company.

In May 2020, board member Dr. Moncef Slaoui resigned from the company to become Chief Scientist for the Trump administration's "Operation Warp Speed", a group designed to accelerate the development of a vaccine for the coronavirus.

Slaoui continued to hold more than $10 million in stock options in the company in his new role while the Federal government invested $483 million in the company to assist in coronavirus vaccine trials.

Senator Elizabeth Warren called the holding a conflict of interest and that Slaoui should have divested his options.


https://en.wikipedia.org/wiki/Moderna

 

[RonZeplin]

Vaccine will be all ready and approved soon, it's a rush job.

 

[AngryCanadian]

Vaccine will be all ready and approved soon, it's a rush job.

As someone said its not a good idea to take a rushed vaccine when knowing it might take years or few to make a good one.

 

[PAF]

See OP information.

Why did Trump appoint Moncef Slaoui as Chief Scientist of Operation Warp Speed

 

[Brian4Liberty]

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Moderna Soars After Getting $483 Million in Federal Funding for Coronavirus Vaccine Development

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In 2016, Moderna Wins Initial $20M Grant from Gates Foundation.
...

Standard operating procedure for billionaire “philanthropists”.

How much government (taxpayer) money will his foundation get before this is all over? How much has it received in the past? How much money will it get to supply vaccines?

Billions might be lost? I doubt it. Any “loses” will be reimbursed, or be tiny compared to profits.

Well, now we have numbers. The Foundation puts in $20 million, taxpayers put in $483 million.

Coincidentally, Bill Gates was just on American Idol talking about charity in the third world. Nothing wrong with that.

He requested a donation to his "One" Foundation, so that he could make sure that government stays "generous". You donate money to the Bill Gates Foundation so that he can take (extort) even more money from you (the taxpayer) and give it to the people of his choice. Of course St. Bill can take credit for it (and karma credits for his next life).

“And he’s buying a stairway to heaven.”

 

[Brian4Liberty]

Vaccine experts say Moderna didn’t produce data critical to assessing Covid-19 vaccine

Why is Moderna reminding me of Theranos or Solyndra?

 

[PAF]

Vaccine experts say Moderna didn’t produce data critical to assessing Covid-19 vaccine

Why is Moderna reminding me of Theranos or Solyndra?

On March 20, 2009, then-Secretary of Energy Steven Chu announced Solyndra would be the recipient of a $535 million loan from his department under the Obama administration's revamped loan guarantee program. Solyndra used the money, along with hundreds-of-millions more from private investors, to build a new facility where it would be mass-producing its easy-to-install cylindrical solar "panels." The whole thing lasted about two years.

The ill-fated energy company had initially asked President George Bush for cash under the loan guarantee program, which was created to help companies working with clean energy technologies that might be considered too risky for private investors.

But it wasn't until President Obama launched his sweeping stimulus spending plan that Solyndra's application was approved, launching the California company to poster-child status despite what were apparently growing concerns about its long-term (and even short-term) viability.

Those concerns were reportedly being relayed to the White House in the run-up to President Obama's highly publicized visit to Solyndra headquarters, which was scheduled just six months before the 2010 midterm elections. Congressional investigators later uncovered information indicating that Solyndra was planning on laying off some of its employees ahead of the midterms, but waited due to pressure from the White House.

By the end of August 2011, little more than a year after hosting a presidential visit, Solyndra had filed for bankruptcy. And the writing was on the wall much earlier.
In Feburary 2011, the Department of Energy had restructured its loan and included terms that guaranteed private investors would be repaid before the government in the event the company went under.

Adding to the anger among Republicans over what was perceived as a politically-charged loan process was the fact that one of the private investors backing Solyndra was a well-known Obama fundraising bundler, George Kaiser.

A little more than a week after the company announced it was going bankrupt, the FBI conducted a surprise raid and agents were seen carrying crates upon crates from Solyndra HQ in Fremont, Calif.

A 2015 Inspector General report found that Solyndra had over-inflated the value of some of its contracts, with some clients apparently receiving goods at a discount despite indications they would be paying full price. Some of the clients they had been counting on wound up bailing due to the availability of much cheaper technologies from China.

Either way, the IG report indicates that "the investigative record suggests that the actions of certain Solyndra officials were, at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally deceive and mislead the Department." The IG admits that there were signs the government might have missed some obvious red flags, while critics have argued those red flags were more likely overlooked intentionally.

The loan guarantee program that helped Solyndra get off the ground, however briefly, still exists today, and taxpayer dollars are still being shelled out to energy companies of all types. The solar industry itself also doesn't seem to have suffered much, with a recent industry report predicting the number of installed solar projects would more than double by 2021.

Tom Pyle, an energy industry expert who led the Trump presidential transition team on energy, says the program's ongoing existence despite the lessons learned from the Solyndra debacle shows that government has no business backing private energy companies, whether they're solar or not.

"The bottom line is the Green New Dealers want to impose massive government control of our energy resources, and infuse billions of our taxpayer dollars into doubling down on the Solyndras and those projects," Pyle says. "So there aren't lessons being learned here, they're going the opposite way." (emphasis mine)

https://www.foxnews.com/politics/re...taxpayer-millions-seems-forgotten-expert-says

D's get a pass from democrats, R's get a pass from republicans.

Party is of no significance at that level of government, it is to keep the people entertained while the corporatists in bed with government reap control and reward.

The people are too brainwashed and entertained by tv to even know, or care.

 

[devil21]

x-post from other Moderna thread. An example of the payoffs/insider trading/fraud/scams that ooze from this administration.

Moderna just pulled off one of the greatest stock market frauds of all time. They put out a bs press release about their "vaccine progress" on Monday, which boosted the share price 20% the day before a $1billion+ new stock share offering, while at the same time, Trump's vaccine czar Moncef Slaoui who held 150,000+ call options on the Moderna stock, was selling his personal stock holdings and sold his skyrocketing call options at the same time. IOW, Moderna raised millions extra and Trump's vaccine czar became a mega multi-millionaire in a single day from a bs press release, right after being appointed virus czar.

 

[Brian4Liberty]

x-post from other Moderna thread. An example of the payoffs/insider trading/fraud/scams that ooze from this administration.

Do we need to consolidate threads? We have several threads on Moderna in the past 24 hours.

 

[PAF]

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