ARTICLE | Politics, Policy & Law
MAGA PAC received Roivant stock, Ramaswamy and Musk to retain ownership of biotechs
By Steve Usdin, Washington Editor
December 16, 2024 10:54 PM UTC
The second Trump administration will start with unusual financial ties to the biopharmaceutical industry, including a closely affiliated political action campaign’s ownership of stock in Roivant and advisory positions held by individuals with ownership stakes in FDA-regulated companies.
A Federal Election Commission document released after the election discloses that, on Oct. 21, Cantor Fitzgerald CEO Howard Lutnick donated stock in Roivant Sciences Ltd. (NASDAQ:ROIV) valued at $3 million to the Make America Great Again Inc. political action committee (PAC). It is unusual for individuals to donate stock to a PAC. …
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- Source: https://www.biocentury.com/article/654494/trump-administration-will-have-financial-ties-to-biotechs