Kentucky Senator Rand Paul disclosed a potentially problematic purchase of a drug company in the early days of the pandemic, 16 months overdue.
Paul’s mandatory Senate filings showed that Rand Paul’s wife Kelly Paul bought shares of a drug manufacturer Gilead Sciences in the early days of the pandemic.
Gilead was the first U.S. company to start a clinical trial for a treatment for Covid-19, Remdesivir. The $15,000 purchase came one day after the trials began. This was three weeks before the World Health Organization declared a pandemic.
Rand Paul is a member of the Senate health committee and was briefed on the threat of the pandemic.
Members of Congress have to disclose any purchase or sale of individual stocks 45 days after the transaction. Paul’s Gilead filings were 16 months past the legal limit.
Paul claims that he had sent the filings in time, but blames an oversight for the fact that they didn’t reach Senate records. (Story continues below.)