Monday, March 03, 2003

Justin Gillis's Post article on the demise of Prodigene's CEO featured this priceless line
[Board member] Thomas L. Steen.... said the board was seeking a chief executive with extensive experience in complying with government regulations on pharmaceutical production, experience that Laos did not have.

He sneaks this bombshell in later:

Steen acknowledged that some money invested in ProdiGene -- he would not say how much -- came from a state-sponsored agricultural fund in Iowa that he helps run. It is, in other words, Iowa taxpayers' money.

This fact, known to some people in Iowa but not to those in Washington who have been following the issue, raises the question of whether ProdiGene will be free to pull its production out of Iowa if that turns out to be the safest way to grow pharmaceutical corn.


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