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Latest Business News

Former FDA Head's Stock Sale Reported

Friday, March 03, 2006 6:51:46 PM
By ANDREW BRIDGES

WASHINGTON (AP) - A month before he abruptly resigned as Food and Drug Administration commissioner, Lester Crawford sold more than $50,000 in shares in a company that makes medical devices, according to financial disclosure forms obtained Friday by The Associated Press.

Crawford had reported the sale of a smaller-sized block of stock in the same company, Teleflex Inc., in 2004 following the recommendation of an ethics official, according to an earlier disclosure form. That form appeared to indicate that with the sale, Crawford no longer owned any Teleflex stock.

It was not clear when Crawford had obtained the stock sold in the more recent transaction. Neither he nor his lawyer, Barbara Van Gelder, returned telephone calls and e-mails seeking comment.


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