Newly appointed co-chair of the White House coronavirus vaccine project Moncef Slaoui plans to sell approximately $12.4 million worth of stock options in Moderna over the next 24 hours.
Former Moderna executive Moncef Slaoui, tapped to lead the White House coronavirus vaccine project, will divest himself of approximately $12.4 million worth of stock options he has in the company.
Former GlaxoSmithKline pharmaceutical executive Moncef Slaoui, who will serve as chief adviser on the effort to find a vaccine for the coronavirus disease pandemic, speaks as President Donald Trump listens during a coronavirus disease response event in the Rose Garden at the White House in Washington, May 15, 2020.executive who was recently appointed to co-chair the White House coronavirus vaccine project, will divest approximately $12.
"Furthermore, Dr. Slaoui has committed to donate to cancer research all incremental value accrued from his Moderna shares between the evening of Thursday, May 14, prior to the announcement of his position on Operation Warp Speed and the time of sale, scheduled for tomorrow morning," Oakley said. It was previously reported that Slaoui will volunteer his time, and will not be paid by the government.
Slaoui name-checked Moderna's vaccine development last week at a White House event to announce his appointment to co-chair Operation Warp Speed. The vaccine project's other chair is Gustave Perna, a four-star U.S. Army General.
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