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The top industries supporting Judd Gregg
are: (New Hampshire
has 1.4 million residents…total funds raised
by Senator Judd 2001-2006 were $3.4
million…these are the top four categories of
supporters):
1. Health
Professionals $207,450
2. Insurance $201,550
3. Lobbyists $198,511
4. Pharmaceuticals/Health Products $198,000
From Mother Jones (1998) A long-standing
interest in pharma for Senator Judd
Big contributions aren't the only way money
can sway members of Congress. Consider the
member who owns substantial stock in a
company but sits on a subcommittee that
oversees that corporation's business
practices. How is a constituent to know
whose interests the member puts first?
Take Republican Sen. Judd Gregg, for
example, a tall, flinty Yankee and the
former governor of New Hampshire. As of his
last financial disclosure statement, in
1995, Gregg owned between $100,000 and
$250,000 of stock in Bristol-Myers Squibb.
To date, the pharmaceutical company's
chairman emeritus, Richard L. Gelb (#400),
has not given Gregg a penny for his upcoming
1998 Senate race, and Bristol-Myers' PAC has
given him only $1,000. But Gregg's ownership
of so much Bristol-Myers stock means
legislation that benefits the company also
benefits Gregg.
Gregg proved himself a strong advocate for the
pharmaceutical industry in the 104th
Congress. A case in point is the FDA Export
Reform and Enhancement Act of 1995. The
failed legislation would have enabled
pharmaceutical firms -- including
Bristol-Myers -- to sell drugs lacking FDA
approval in other countries. (Incidentally,
at least two of the bill's co-sponsors in
the House also owned significant stock in
pharmaceutical companies.)
The fate of the bill in the Senate, however,
rested largely on Gregg, the chairman of the
Labor and Human Resources Subcommittee on
Aging, which had jurisdiction over the
measure. What's more, Gregg was the Senate's
chief deputy whip, the No. 3 man in control
of Republican votes. But although he held
hearings on the bill, Gregg could not drive
the measure to the Senate floor for a vote.
Undaunted, he used his seat on an appropriations
subcommittee to attach an amendment onto
last year's appropriations bill that served
the same purpose as the failed bill,
enabling drugmakers to export products that
have yet to pass FDA muster. The amendment
carried without debate and became law in
April 1996.
Over the next 10 months, Bristol-Myers stock
soared 65 percent, from $82 a share to $136
a share. Although Gregg has not yet
disclosed his 1996 stock holdings, his staff
has given no indication that he sold any of
his Bristol-Myers stock. If he has kept it,
his stock increased in value by between
$60,000 and $150,000 during those 10 months.
From New Hampshire Public Radio:
Senator Judd Gregg today strongly defended the pharmaceutical
industry as lawmakers move to rein in
prescription drug costs.
The issue: allowing states to use their buying power to bring down
drug prices.
From Washington, NHPR correspondent Don Rush has this report.
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IT WAS, PERHAPS, THE MOST VIGOROUS DEFENSE OF THE
DRUG INDUSTRY HEARD ON THE SENATE FLOOR.
SENATOR JUDD GREGG LASHED OUT AT CRITICS
OF THE PHARMACEUTICAL INDUSTRY?AS THE
SENATE CONSIDERS MEASURES?TO BRING DOWN
PRESCRIPTION DRUG PRICES.
THE NEW HAMPSHIRE REPUBLICAN BRISTLED?
AT THE DEMONIZING OF THE PHARMACEUTICAL
INDUSTRY:
July 20, 2006 in
News |
Permalink
Senator Judd Gregg
"If I were a creative terrorist, I would say to myself, 'Hey,
listen, all I've got to do is produce a can
here that says 'Lipitor' on it, make it look
like the original Lipitor bottle, which
isn't too hard to do, fill it with
anthrax.'"
Senator Judd Gregg said the proposal to let Canadian drugs
into the US was "...creating a massive hole
on our capacity to secure our borders and
protect ourselves."
Even After Vioxx, Judd Gregg Remains Big PharMa's
by Steve Soto
I’m
sure you have been reading lately about the
testimony from the FDA’s
Dr. David Graham, who candidly told Congress
last week that the
FDA was "virtually incapable of
protecting America" from unsafe drugs. The
issue of drug safety came to a boil in
recent weeks when the FDA pulled Vioxx off
of the market in late September, and it was
revealed that the drug’s
producer Merck
knew for several years that usage
of the drug for treatment of arthritis,
colon, and intestinal problems led to a
higher than normal incidence of heart
attacks. Dr. Graham’s
testimony spurred GOP Senator Charles
Grassley to call for legislation creating a
new and more independent drug safety
function within the FDA.
Well, the creation of a new drug safety office within the FDA,
something that sounds warranted after Graham’s
testimony, has already gotten a
‘thumbs
down’
from New Hampshire GOP Senator Judd Gregg,
who believes that creation of the new office
would only add
another layer of bureaucracy to
the FDA. Never mind that this layer of
bureaucracy would assist consumer safety,
Gregg is against it.
But there is another possible reason why Gregg would be against the
creation of a Drug Safety Office that would
make it more difficult for drug companies to
peddle dangerous drugs: Gregg gets a decent
share of his campaign contributions from,
you guessed it, those same drug companies
that would be inconvenienced from the
creation of this new office. In fact, in
just 2003-2004 alone, Gregg got $136,500
from the pharmaceutical and health products
industry, nearly 10% of the total he got
from all PACs. I'm sure this money came in
handy in his recent re-election.
Here's some of what Gregg got just in the last
two years from big drug companies, just in
time for his campaign this year:
GlaxoSmithKline: $10,000
Johnson & Johnson: $10,000
Pfizer: $9,000
Merck (makers of Vioxx): $7,000
Amgen: $7,500
Abbott Labs: $6,500
And why would big drug companies want to buy off Senator Gregg?
Because he sits on the
Health, Education, Labor, and Pensions
committee, which, as you guessed
has oversight over the FDA. Even after word
of the increased incidents of heart attacks
with the use of Vioxx was documented, Merck’s footdragging was discovered, and its
threats against critics came to light,
Gregg has dismissed calls for an independent
drug safety office as an overreaction and
not emblematic of a widespread problem. In
fact, Gregg says the real issue is the need
for
more resources so that more drugs can be
approved quicker, something that
sounds like the industry’s
own words. |