Sen. Rand Paul disclosed on Wednesday that his wife purchased stock in Gilead Sciences in February 2020, the same day the company formally announced that it would start late-stage studies of its experimental treatment for Covid-19
WASHINGTON—Sen. Rand Paul disclosed that his wife purchased stock in Gilead Sciences Inc. in late February 2020, the same dayof its experimental treatment for Covid-19 in an acceleration of its push to evaluate the drug, remdesivir.
Mr. Paul disclosed on Wednesday the purchase by his wife, Kelley Paul, a year and a half after she bought between $1,000 and $15,000 of shares in the company. Her purchase came after the National Institutes of Health had already said that researchers at the University of Nebraska had started testing whether remdesivir was effective at treating Covid-19.
The stock traded between $70.72 and $75.47 on Feb. 26, the day of her purchase. Shares are currently trading below $70 a share. Under the Stock Act, lawmakers must disclose transactions within 45 days.“Last year, Dr. Paul completed the reporting form for an investment made by his wife using her own earnings, an investment which she has lost money on,” his office said. “This was done in the appropriate time window.
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