Friday, October 28, 2005

Crawford in the stocks

Poor ex-FDA commish Lester Crawford. The New York Times has suggested that he and his wife sold shares last year in companies regulated by the agency. Dr Crawford, who is facing an investigation into his reasons for leaving by the US Inspector General, Daniel Levinson, has strenuously denied suggestions that an inadvertent failure to make a financial disclosure triggered his departure.

He told Forbes.com his departure was partly based on the issues surrounding the emergency contraceptive Plan B, and the abortion drug RU-486, but conceded there was an upcoming routine investigation by the Government Accountability Office which "he didn't want to go through again".

Now, the NYT says it has seen financial disclosure forms - signed at the end of June this year - showing he or his wife sold stock in Sysco, Kimberly Clark, Teleflex, PepsiCo, Wendy's and Wal-Mart, all of which have food or medical divisions, or own pharmacies, as well as Embrex, an agriculture biotechnology company.

Source: PharmaTimes

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