Molnupiravir ugh | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Molnupiravir ugh

Yes, molnupiravir - a pill to treat Covid - seems to reduce hospitalizations and deaths, assuming Merck’s press release from last week holds up.

But it is yet another story of the US health care system and drug development gone awry.

A Miami hedge-fund manager and his wife - Wayne and Wendy Holman - are likely to make hundreds of millions of dollars, possibly billions, on it - and they took almost no risk. They basically got in the way of Merck licensing it from Emory University, where taxpayers had paid for its early development (this is how we make drugs in the United States, friends).

Added bonus: almost 20 years ago, Wendy Holman, who at the time had a different husband and a different last name, saw her name pop up in the same insider trading scandal that ensnared Martha Stewart. It too involved a drug company.