ICYMI: Daines Rakes in Campaign Cash From Big Pharma Companies After Pushing Program to Award Them Federal Contracts [Salon] 

Rachel Prevost2020, Daines, News, Republicans

FOR IMMEDIATE RELEASE
Monday, August 3, 2020

CONTACT
[email protected]

ICYMI: Daines Rakes in Campaign Cash From Big Pharma Companies After Pushing Program to Award Them Federal Contracts [Salon] 
Helena, MT – A new report reveals that Senator Steve Daines took thousands of dollars from pharmaceutical companies who were eventually awarded federal contracts under Operation Warp Speed, a program Daines’ personally pushed to add into the CARES Act. 

All of the six pharmaceutical companies who donated to Daines were chosen as finalists for Warp Speed contracts in June – AstraZeneca tripled its previous donations to Daines, and Johnson & Johnson had never contributed before. Congressional oversight bodies have expressed concerns about the lack of transparency surrounding the awarding of contracts under Warp Speed. 

These developments shed light on Daines’ history of cozying up to Big Pharma  accepting nearly $140,000 from pharmaceutical companies over the years despite these companies having “little to no presence in Montana.” Now, these companies are giving him donations.

Salon: GOP senator took donations from drug companies who benefited from his vaccine bills
By: Roger Sollenberger 

Highlights: 

Republican Sen. Steve Daines of Montana, who faces a tough re-election fight this year, received thousands of dollars from pharmaceutical companies while pushing Congress to fund a fast-tracked coronavirus treatment and vaccine development program that eventually awarded contracts to those companies, Federal Election Commission records show.

The $10 billion program, dubbed Operation Warp Speed, was Daines’ marquee contribution to the Coronavirus Aid, Relief and Economic Security Act (CARES Act), which President Trump signed into law on March 27.

In the days and weeks that Daines worked on the bill, PACs affiliated with the pharmaceutical corporations Pfizer and Sanofi gave his campaign $2,500 and $2,000, respectively. Four days before Trump signed the act, a Merck corporate PAC gave Daines $4,000.

In total, from the end of March to the end of June, Daines took a combined $24,000 from the corporate PACs of pharmaceutical companies involved with Operation Warp Speed.

In addition to Merck, Sanofi and Pfizer — which made two donations — Daines saw contributions from Johnson & Johnson and AstraZeneca, who in late June contributed $2,500 and $3,000, respectively.

While all these companies donated to senators and candidates on both sides of the aisle, these contributions are notable in that AstraZeneca tripled its other donations to Daines, and Johnson & Johnson had never given him money before.
All donors were among the six finalists chosen as finalists for Warp Speed contracts in June.

Operation Warp Speed was created as part of a “moonshot” joint public-private effort to develop a coronavirus vaccine by early 2021. The federal government announced Friday that it had reached a $2.1 billion agreement with drugmakers GlaxoSmithKline and Sanofi — a Daines donor — the largest contract awarded through the program yet. The week before, Pfizer, another Daines donor, won a contract worth nearly $2 billion.

Daines promoted the project as recently as last week, boasting about the initiative at a Senate Finance Committee hearing last Wednesday, along with legislation to bring drug manufacturing back to the U.S. from China.

In total, the Montana Republican has accepted nearly $140,000 from pharmaceutical companies over the years, FEC records show. Those companies have little to no presence in Montana.

Daines’ 2018 financial disclosure form, the most recent available, shows that he has a Vanguard Health Care Adm Mutual Fund valued as much as $250,000. That fund includes slices of Teva and Amneal, pharmaceutical corporations that have promoted hydroxychloroquine as a treatment for COVID-19, despite health warnings from federal regulators.

That same financial disclosure also reveals that Daines owns several parcels of commercial real estate in Bozeman, Montana. One of his tenants there is Golden Helix, a company that makes genome-sequencing analytics software — key to vaccine and drug development — which received between $350,000 and $2 million in CARES Act small business loans. The company says it counts nine of American’s 10 largest pharmaceutical companies as customers.

In the first quarter of 2020, pharmaceutical companies Sanofi, Pfizer, Merck, Johnson & Johnson and AstraZeneca reported spending more than $6.6 million to lobby Congress on various issues, including the CARES Act and COVID-19.

Congressional oversight bodies and watchdogs have expressed concerns about the lack of transparency surrounding the award of vaccine contracts under Operation Warp Speed.

### 

Share this Post