Keep Venture Capitalists Away from FDA: Whistleblower

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Melayna Lokosky, a self-described corporate fraud expert and market analyst, who won a whistleblower case against Johnson & Johnson’s Acclarent unit, says that venture capitalists have no place running FDA. Writing in an online MedCity News opinion piece, Lokosky says that her experience is that “venture capitalists can fund startup medical device fraud. The last thing voting taxpaying citizens should want is anyone from venture capital anywhere near politics, much less FDA. Think about that. Venture capitalists now want to control FDA to speed up the medical device approval process. They want to make money off killing us faster with less regulation.”

She particularly takes aim at former FDAer Scott Gottlieb, whose name has been mentioned as a possible FDA commissioner. Lokosky says that Gottlieb is a general partner at New Enterprise Associates (NEA), which describes itself as the world’s largest venture capital firm. “NEA has pathologically funded startup medical device fraud that has harmed, killed, or defrauded taxpayers from Conceptus (now Bayer’s Essure), Gynecare (now a Johnson & Johnson subsidiary), and Acclarent (also a Johnson & Johnson subsidiary),” she writes. “Is that who we want to head the FDA?”

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