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Sanofi Message Board

  • daviscupper daviscupper Jan 2, 2011 9:25 AM Flag

    Will Dr. Hamburg be your savior or destroyer?

    This may surprise you, maybe not.

    She is not a household name to many laypersons or retail investors. But maybe she should be.

    Dr. Margaret Hamburg is the FDA Commissoner. She is married to Peter Brown who runs a hedge fund called Renaissance Technologies. Guess what?

    Renaissance Technologies has $24.8 billion in assets. It's No.15 top investment is Novo Nordisk, a definite competitor of many bio-pharmaceutical companies. The hedge fund has invested .58 percent of its assets in Novo. (.0058 x $24.8 billion = $144 million.)

    Peter Brown makes over $5 million per year as head of Renaissance and his salary is directly tied to the performance of the company's investments.

    I believe Dr. Margaret Hamburg's position as FDA Commissioner presents a clear conflict of interest between her job as regulator of bio-pharmaceutical drugs and her and her husbands financial interests as a head of Renaissance Technologies hedge fund. JMHO.

    I think we should notify her office, the press and your local congressman and senators.

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