$350 Million in Secret Payments to Fauci, Collins, Others at NIH

[GURPS]

An estimated $350 million in undisclosed royalties were paid to the National Institutes of Health (NIH) and hundreds of its scientists, including the agency’s recently departed director, Dr. Francis Collins, and Dr. Anthony Fauci, according to a nonprofit government watchdog.

“We estimate that up to $350 million in royalties from third parties were paid to NIH scientists during the fiscal years between 2010 and 2020,” Open the Books CEO Adam Andrzejewski told reporters in a telephone news conference on May 9.

“We draw that conclusion because, in the first five years, there has been $134 million that we have been able to quantify of top-line numbers that flowed from third-party payers, meaning pharmaceutical companies or other payers, to NIH scientists.”

Nonprofit Watchdog Uncovers $350 Million in Secret Payments to Fauci, Collins, Others at NIH

www.theepochtimes.com

 

[vraiblonde]

Our tax dollars at work.

 

[Kyle]

Become an SES or Political Appointee and get rich.

 

[Clem72]

I didn't even need to open the story to know exactly how they were mischaracterizing these payments, but I did just to verify.

These are royalty payments made on patents they own related to commercial work they did prior or during government service. Averaged out to $22k per payment and was all well before covid.

Think this through for a moment. If you want to NIH to be useful, you need to hire actual doctors/scientists with real knowledge, not hacks that have been in politics their entire careers. Real doctors/scientists are likely to have patents or partial ownership of work they completed in industry, and they will continue to get payments when that work is used even if they move into another job.

In this particular case they point out the profit sharing by the government for patents awarded related to their work. This isn't verified as being the actual source of these funds, just something they mentioned in the article. It also isn't a big deal, even here at Pax you can walk into building 2187 and see patents on the walls from engineers and scientists, and if any of those were to be used commercially the guys who invented them will get a cut. That's fair, they made the discovery/invention, it's not as though any joe-schmoe employed in the same capacity would have come up with the invention (literally, that's a disqualifier for a patent. If anyone in the industry or with similar knowledge could come up with it then it isn't novel enough for a patent).

I worked with a government guy a few years back that would get a residuals check once or twice a year for a few bucks for acting work he did in the 80s (a bit part in a popular sitcom). Should I have outed him to the world as being paid secret wages from hollywood while working for the government?

 

[black dog]

NIH is stocked full of real doctors and scientists, always has been.

 

[Kyle]

NIH is stocked full of real doctors and scientists, always has been.

Hopefully not like Fauci.

 

[herb749]

I didn't even need to open the story to know exactly how they were mischaracterizing these payments, but I did just to verify.

These are royalty payments made on patents they own related to commercial work they did prior or during government service. Averaged out to $22k per payment and was all well before covid.

Think this through for a moment. If you want to NIH to be useful, you need to hire actual doctors/scientists with real knowledge, not hacks that have been in politics their entire careers. Real doctors/scientists are likely to have patents or partial ownership of work they completed in industry, and they will continue to get payments when that work is used even if they move into another job.

In this particular case they point out the profit sharing by the government for patents awarded related to their work. This isn't verified as being the actual source of these funds, just something they mentioned in the article. It also isn't a big deal, even here at Pax you can walk into building 2187 and see patents on the walls from engineers and scientists, and if any of those were to be used commercially the guys who invented them will get a cut. That's fair, they made the discovery/invention, it's not as though any joe-schmoe employed in the same capacity would have come up with the invention (literally, that's a disqualifier for a patent. If anyone in the industry or with similar knowledge could come up with it then it isn't novel enough for a patent).

I worked with a government guy a few years back that would get a residuals check once or twice a year for a few bucks for acting work he did in the 80s (a bit part in a popular sitcom). Should I have outed him to the world as being paid secret wages from hollywood while working for the government?

So if it was $350 million dollars given out to these people as their cut, what was the governments cut , $650 million .?

 

[Clem72]

So if it was $350 million dollars given out to these people as their cut, what was the governments cut , $650 million .?

Everything I read says the profit share is typically 10-15% to the inventor (this appears to not be legistlated/official policy), and by law not may not exceed $150k per year.

So it sounds like the government cut was closer to 3.5 billion

 

[black dog]

Hopefully not like Fauci.

I dont believe so....

 

[GURPS]

Nonprofit watchdog group Open the Books released a blockbuster report last week about undisclosed royalty payments paid to NIH scientists during the pandemic. National Review discussed the report in an article headlined, “Did Anthony Fauci & Francis Collins Receive Royalty Payments From Drug Companies?”

This is going to shock you. You better set the phone down. Apparently, and I am not making this up, NIH scientists — including ones that don’t actually do any research like Francis Collins and beagle-beater Tony Fauci — have figured out how to exploit a loophole in the law to accept bribes, sorry, I mean kickbacks, whoops, I mean totally legitimate above-board royalty payments, in the rare cases where they are “co-inventors” of a profitable product. Or just a product. Or just a study.

So it turns out the NIH scientists — including their bosses and administrators that don’t research or actually DO science — are all freaking brilliant, every one of them. It’s not just rare cases, not at all. They invent (co-invent) amazing new products ALL THE TIME! And without hardly any effort, apparently. These NIH brainiacs are inventing wizards. So it’s only fair that they earn hundreds of millions of dollars.

But the best part is where the royalty money comes from. You! Haha, you suckers. You fell for it again. Here’s what Open the Books says about the cash revolver they have over at the NIH:

Last year, the National Institutes of Health – Anthony Fauci’s employer – doled out $30 billion in government grants to roughly 56,000 recipients. … However, … we [also] found hundreds of millions of dollars in payments also flow the other way. These are royalty payments from third-party payers (think pharmaceutical companies) back to the NIH and individual NIH scientists … between fiscal years 2010 and 2020, more than $350 million in royalties were paid by third-parties to the agency and NIH scientists – who are credited as co-inventors.

See how it works? Imagine you’re a scientist. NIH gives you a giant grant. Then you take part of that grant money and you wash it off and then pay it back to NIH as a royalty. It’s so simple. And, how dare you suspect that anyone’s motives might not be pure as the liquid in that vaccine vial that I set down behind you while you weren’t looking.

Open the Books says during the pandemic, Fauci got TWENTY-THREE separate “royalty payments” and his boss, Collins, got fourteen. But guess what? The NIH refuses to disclose the AMOUNT of the royalties or WHO PAID THEM, citing “personal privacy” or something. Could the payors have included Pfizer or Moderna, for example? Could NIH scientists, including Fauci, be receiving co-inventor royalty payments for the COVID DRUGS?

The most transparent administration in history.

☕️ Coffee & Covid ☙ Monday, May 16, 2022 ☙ TRUST DOWN UNDER 🦠

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