Pharma execs are getting multimillion-dollar payouts — without even producing a vaccine

Watchdogs say the payouts are unusual in that they deliver compensation prior to actual performance — and raise questions about how taxpayer funds are being used.

Maryland-based Novavax reconfigured its stock options so they would pay out even if vaccine efforts failed. According to SEC filings, its CEO and other top executives can start exercising options worth up to over $100 million if the company’s drug enters phase 2 trials, even if the vaccine never makes it to market. Such equity awards were intended to incentivize the team in a competitive landscape,according to Novavax.

But while the company’s vaccine candidate was included in a primate trial organized by a federal agency in conjunction with Operation Warp Speed, Vaxart wasn’t one of the handful of companies selected to receive significant government support to create hundreds of millions of vaccine doses.Watchdogs say that the payouts for the vaccine companies are unusual in that they deliver compensation prior to actual performance and raise questions about how taxpayer funds are being used.

“These bonuses and stock sales should be investigated and this should be another reminder to Congress that Trump's secretive vaccine program needs a serious dose of accountability and transparency,” Zupnick told NBC News.

Shocker from the autocrat in the WH who bankrupted just about every one of his businesses.

But god forbid the SenGOP, McConnell & Trump provide a measly additional $600 to unemployment. Americans are unemployed because of covid-19. Those folks need to shelter & feed their families. No one can survive on unemployment + $200. Support avg. Americans not big Pharma

maddow Lawrence JoyAnnReid ewarren JoeBiden KamalaHarris . This is taxpayer money, right? Totally unacceptable! Can you demand accounting of the money or stop payments if the vaccine isn’t used if it’s a failure?

This is the looting y’all should be worried about.

Of course they are.

I am so sick & tired of this corrupt administration.

As per Usual They Will WORK REALLY HARD, And Deliver NOTHING. Fleecing The American TAXPAYERS All the While...

Lol when you shill for big pharma

Bennytillerman But please don't give the unemployed $600 a week so that they can feed and house their families. The entirety of Trump's Administration has been a grift of emense proportion. The entire GOP is in on the scam.

really? how do they sleep at night? what's wrong with this corp greed world?

Lol I love how companies that killed people during opioid crisis somehow found a way to take in billions on potential covid cure. johnsonandjohnsonYouareTrash

The vampirism of the 1%. Down withe donor class, the ceo class, and corporate mindset. There has to be a better way. UBI UniversalBasicIncome

The 1% are the real vultures. The 1% are the ones who take more than they give. Corporate Culture =Death moneyislikeinches.

OperationWarpSpeed tax dollars into realDonaldTrump cronies’ pockets

Shameful and disgusting. 🤬🤬🤬

‘Watchdogs say the payouts are unusual in that they deliver compensation prior to actual performance — and raise questions about how taxpayer funds are being used.’

Hmmm. Interesting. I wonder how the participants for ZANTAC LAWSUIT, BELVIQ LAWSUIT, VALSARTAN LAWSUIT, ZOSTAVAX LAWSUIT, TDF HIV DRUGS LAWSUIT, PRADAXA LAWSUIT, ELIQUIS LAWSUIT, ONGLYZA LAWSUIT feel about the thought? I wonder how you will feel offering a family member...?

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