Government scientist felt pressured to approve contract for work on drug Trump touted [Los Angeles Times (CA)]
Novartis AG (NVS)
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Source: Los Angeles Times
The federal scientist recently ousted from a senior position overseeing research on coronavirus vaccines felt pressured by Trump administration officials to award a $21-million contract to a Florida laboratory to study an anti-malaria drug touted by the president as a COVID-19 treatment, according to a person familiar with the incident. Rick Bright, who was abruptly removed this week from his senior post at the Department of Health and Human Services, was told by officials to approve the contract for a clinical trial of hydroxychloroquine to Alchem Laboratories, a small drug-development firm, the person said. “He was very concerned and was ordered to do it,” said the person. The contract with the laboratory introduces a new element to an episode that burst into public view this week. The controversy began when Bright said he had been demoted because he resisted pressure from administration officials to provide widespread access to hydroxychloroquine, an anti-malaria drug that Presiden
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News
- Novartis (NYSE:NVS) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Novartis (NYSE:NVS) had its "overweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Janux dives as gaps in prostate cancer study data worry investors [Yahoo! Finance Canada]Yahoo! Finance Canada
- Progress In Fight Against Malaria, As New Treatment Shows Promise [Forbes]Forbes
- Novartis (NYSE:NVS) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=NVS&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from MarketBeat
NVS
Earnings
- 10/28/25 - Miss
NVS
Sec Filings
- 11/25/25 - Form 6-K
- 11/20/25 - Form 6-K
- 11/5/25 - Form 6-K
- NVS's page on the SEC website