Remdesivir later became the first drug to be approved for treating Covid-19. Paul’s filing with the Senate shows that between $1,000 and $15,000 of Gilead stock was purchased.
The financial disclosure was more than a year late because the initial filing wasn’t properly transmitted, according to Paul spokesperson Kelsey Cooper, who also noted that Paul’s wife, Kelley, lost money on the investment.
“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. This was done in the appropriate reporting time window,” Cooper said in a statement.
“In the process of preparing to file his annual financial disclosure for last year, he learned that the form was not transmitted and promptly alerted the filing office and requested their guidance. In accordance with that guidance he filed both reports today.”
News of the delayed financial disclosure drew swift backlash from government ethics experts and advocates on Wednesday.
Earlier this week, Paul was suspended from YouTube for seven days over a video claiming that masks are ineffective in fighting Covid-19, according to a company spokesperson.
