RFK Jr, HHs & MAHA | CDC RIF massacre

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George Tidmarsh, head of CDER (basically FDA’s top drug regulator, right under the commissioner) just resigned after an investigation alleging he either used or sought to use (not entirely clear) his position to inflict financial harm on a former associate. Situation is a little unclear but basically:

Tidmarsh directed the FDA to remove some thyroid drugs from the market because it would hurt American Laboratories, a private company owned by one Kevin Tang, which supplies ingredients for certain thyroid medications.

Tidmarsh also tried to extort money from American Laboratories and Tang, according to a lawsuit filed by Aurinia Pharmaceuticals, where Tang is now chairman. Tidmarsh denies the allegations.

Tidmarsh recently singled out an Aurinia drug in a LinkedIn post (lol), criticizing the company’s clinical trial design and implying it shouldn’t have been approved.
Tidmarsh was the CEO of La Jolla Pharmaceutical Company, the same time as when Tang served as Chairman.

Articles are partially paywalled:

www.statnews.com

FDA’s top drug regulator resigns amid investigation

George Tidmarsh, the FDA's top drug regulator, has been placed on leave after being accused of abusing his regulatory authority, STAT has learned.
www.statnews.com www.statnews.com


Tidmarsh has a long history as a biotech/pharma executive and was at La Jolla for 7 years. He’s been at FDA for 5 months:

 
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nrsair said:
George Tidmarsh, head of CDER (basically FDA’s top drug regulator, right under the commissioner) just resigned after an investigation alleging he either used or sought to use (not entirely clear) his position to inflict financial harm on a former associate. Situation is a little unclear but basically:

Tidmarsh directed the FDA to remove some thyroid drugs from the market because it would hurt American Laboratories, a private company owned by one Kevin Tang, which supplies ingredients for certain thyroid medications.

Tidmarsh also tried to extort money from American Laboratories and Tang, according to a lawsuit filed by Aurinia Pharmaceuticals, where Tang is now chairman. Tidmarsh denies the allegations.

Tidmarsh recently singled out an Aurinia drug in a LinkedIn post (lol), criticizing the company’s clinical trial design and implying it shouldn’t have been approved.
Tidmarsh was the CEO of La Jolla Pharmaceutical Company, the same time as when Tang served as Chairman.

Articles are partially paywalled:

www.statnews.com

FDA’s top drug regulator resigns amid investigation

George Tidmarsh, the FDA's top drug regulator, has been placed on leave after being accused of abusing his regulatory authority, STAT has learned.
www.statnews.com www.statnews.com


Tidmarsh has a long history as a biotech/pharma executive and was at La Jolla for 7 years. He’s been at FDA for 5 months:

Click to expand...
🎁 —> https://www.wsj.com/health/pharma/f...4?st=DfPKjk&reflink=desktopwebshare_permalink

“A Food and Drug Administration official who resigned on Sunday was sued by a Canadian pharmaceutical company, which accused him of soliciting a bribe and tanking its stock with false statements as part of a revenge campaign against a former colleague.

Dr. George Tidmarsh was hired in July by FDA Commissioner Dr. Marty Makary to lead the agency’s drug division, a top role regulating much of the country’s pharmaceutical industry that gave Tidmarsh a prominent perch in the Department of Health and Human Services headed by Robert F. Kennedy Jr.

A lawyer for Tidmarsh, Joseph Galda, said that he didn’t solicit a bribe.

A spokeswoman for HHS, which wasn’t named as a party to the lawsuit, said Tidmarsh resigned Sunday morning after being placed on administrative leave Friday. The HHS Office of the General Counsel and the Office of the Inspector General were notified of “serious concerns about his personal conduct,” the spokeswoman said.…”
 
altmin said:
www.nytimes.com

Kimberly-Clark Agrees to Buy Kenvue, Maker of Tylenol, for $40 Billion

The owner of Kleenex and Huggies will acquire the embattled company, which has fought claims by the Trump administration that a common pain reliever is linked to harmful side effects.
www.nytimes.com www.nytimes.com
Click to expand...
Hmm. I sense a large private corporate "donation" to the coffers of Trump, his family, and his minions may soon be in the offing, and suddenly all of the attacks on Tylenol may just cease. That's more or less what's been happening to many of the universities and other corporations they've been going after.
 
If I were a conspiracy theorist- and I am- I’d say it’s mighty convenient for the buyer in this deal that this administration crashed kvue’s stock and then last week RFK Jr publicly admitted they don’t actually have evidence that tylenol causes autism.
 
Everybody has to face things their own way and I don't mean this as a putdown. I'm not him and I don't know his situation.

I don't get taking heroic measures to prolong your life if, as in this case, it doesn't offer a cure. Why not just come to terms that everybody has their time? That was my mindset when I was diagnosed with Stage 4 laryngeal cancer. I decided I'd go faithfully through the standard treatment but had no plans of chasing down rabbit holes. Now, I beat the odds a bit and never faced the tougher decisions so I don't know what I would have done then. Since I considered not going through treatment at all, I think I'd have stuck with it.
 
finesse said:
Everybody has to face things their own way and I don't mean this as a putdown. I'm not him and I don't know his situation.

I don't get taking heroic measures to prolong your life if, as in this case, it doesn't offer a cure. Why not just come to terms that everybody has their time? That was my mindset when I was diagnosed with Stage 4 laryngeal cancer. I decided I'd go faithfully through the standard treatment but had no plans of chasing down rabbit holes. Now, I beat the odds a bit and never faced the tougher decisions so I don't know what I would have done then. Since I considered not going through treatment at all, I think I'd have stuck with it.
Click to expand...
A choice I have pondered No I have no diagnosis so it is just theoretical-but my health choice/life style history points towards a bad outcome........
 
finesse said:
Everybody has to face things their own way and I don't mean this as a putdown. I'm not him and I don't know his situation.

I don't get taking heroic measures to prolong your life if, as in this case, it doesn't offer a cure. Why not just come to terms that everybody has their time? That was my mindset when I was diagnosed with Stage 4 laryngeal cancer. I decided I'd go faithfully through the standard treatment but had no plans of chasing down rabbit holes. Now, I beat the odds a bit and never faced the tougher decisions so I don't know what I would have done then. Since I considered not going through treatment at all, I think I'd have stuck with it.
Click to expand...
I'm glad you're here.
 
nycfan said:
And boom:

Kimberly-Clark Strikes $40 Billion Deal for Tylenol Maker Kenvue​

One of biggest takeovers so far this year creates health-and-wellness company with 10 billion-dollar brands​


🎁 —> https://www.wsj.com/business/retail...d?st=RbQdPV&reflink=desktopwebshare_permalink
Click to expand...
More to the point:

Activist Investors in Kenvue Faced Big Losses. Kimberly-Clark Saved the Day.​

D.E. Shaw, one of the Tylenol-maker’s largest shareholders, stood to lose over $200 million but is now expected to break even on its bet​


🎁 —> https://www.wsj.com/business/deals/...a?st=NheoaC&reflink=desktopwebshare_permalink

“… At least four activist investors held stakes in Kenvue’s shares, betting on a turnaround of the company’s operations or an outright sale. What they didn’t anticipate was that the Trump administration would link acetaminophen, the active ingredient in Tylenol, as a potential cause of autism and open the company to the potential of costly legal action and lost sales….”

——
D.E. Shaw is a left-leaning fund that has given quite a bit to Democratic candidates, but they’ve publicly capitulated to Trump on the DEI front earlier this year.

Toms Capital is controlled by former Lehman banker and billionaire Noam Gottesman. I haven’t seen his name pop up on the MAGA political coverage but Toms Capital had some financial media scrutiny over several well-timed investments just ahead of relevant Trump announcements since he took office. Could be just good investment, could be someone inside the administration is a friend sharing info. Could be coincidence.

But it is interesting that RFK cools the Tylenol rhetoric and this deal is announced quickly thereafter.
 
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