4 ms·
Welcome to modern medicine. Starting with the Reagan administration, oversight over medical devices has been greatly reduced. You have a lot of leeway with medi
by interesting_att 11y ago
Welcome to modern medicine. Starting with the Reagan administration, oversight over medical devices has been greatly reduced. You have a lot of leeway with medical devices, even moreso than with drugs.
Lots of billion dollar medical companies have leading politicians on their board. Donald Rumsfeld was on the board for Gilead Sciences. It is vital for these businesses that to be on good terms with the government, as it is the government helps define what is allowed.
Some would argue that this is just a form of corruption which endangers the lives of patients worldwide.
- seehafer 11y ago> Starting with the Reagan administration, oversight over medical devices has been greatly reduced. You have a lot of leeway with medical devices, even moreso than with drugs. Citation needed.
- refurb 11y agoDonald Rumsfeld was on the board for Gilead Sciences Donald Rumsfeld was a biotech CEO before he got into politics! Why wouldn't you want him on the board of your biotech? You seem to be twisting the facts here. I would also argue that the most drastic change with the FDA wasn't during the Reagan years, but during the Clinton years and Clinton himself wasn't really leading the effort.
- dragonwriter 11y agoRumsfeld was not a biotech CEO before he got into politics, he was a pharma CEO about 30 years after he got into politics, a few years before coming back as SecDef ~25 years after holding that job in the Ford Administration.
- refurb 11y agoOK, poorly worded. He started in politics early. However, did have a long career in business as the CEO of Searle. It shouldn't be surprising that he was on the board of directors of another biotech.
- c-slice 11y agoLots of citations needed.
- et2o 11y agoThis is so baseless I don't know where to start.