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Medical chief's bonus 'an insult' | Medical chief's bonus 'an insult' |
(3 days later) | |
Lawyers for four of six men who almost died after medical trials went wrong have crictised the US research company for awarding its boss £920,000. | Lawyers for four of six men who almost died after medical trials went wrong have crictised the US research company for awarding its boss £920,000. |
Gene Matthews said the cash and share bonus package awarded to Parexel chief executive Josef von Rickenbach had "incensed and outraged" his clients. | Gene Matthews said the cash and share bonus package awarded to Parexel chief executive Josef von Rickenbach had "incensed and outraged" his clients. |
Reports suggest the men risk developing cancer and auto-immune diseases after having reactions to the drug TGN1412. | Reports suggest the men risk developing cancer and auto-immune diseases after having reactions to the drug TGN1412. |
Mr Matthews said: "The timing of this really couldn't have been worse." | Mr Matthews said: "The timing of this really couldn't have been worse." |
According to accounts released by Parexel, Mr von Rickenbach - who founded the clinical research organisation and is also its chairman - got a cash bonus of $286,157 and share options worth $1,469,490 this year. | According to accounts released by Parexel, Mr von Rickenbach - who founded the clinical research organisation and is also its chairman - got a cash bonus of $286,157 and share options worth $1,469,490 this year. |
This makes a total of around $1.76m dollars (£920,000). His basic salary was $465,750, which means his overall package was $2,221,397 (£1.16 million). | This makes a total of around $1.76m dollars (£920,000). His basic salary was $465,750, which means his overall package was $2,221,397 (£1.16 million). |
The six previously healthy men volunteered to test the medication, designed to treat rheumatoid arthritis, leukaemia and multiple sclerosis. | The six previously healthy men volunteered to test the medication, designed to treat rheumatoid arthritis, leukaemia and multiple sclerosis. |
But shortly after they were injected with it their heads and bodies rapidly swelled up. One had all his toes and parts of his fingers amputated. | But shortly after they were injected with it their heads and bodies rapidly swelled up. One had all his toes and parts of his fingers amputated. |
The trials were carried out at Parexel's laboratory at Northwick Park Hospital in north-west London in March on behalf of TeGenero, a German pharmaceutical company. | The trials were carried out at Parexel's laboratory at Northwick Park Hospital in north-west London in March on behalf of TeGenero, a German pharmaceutical company. |
Financial difficulties | Financial difficulties |
Mr Matthews said his clients were "bitterly disappointed" at the payment made to Mr von Rickenbach. | Mr Matthews said his clients were "bitterly disappointed" at the payment made to Mr von Rickenbach. |
He said: "This payout comes at a time that's very close to what happened to these men, in the same year. | He said: "This payout comes at a time that's very close to what happened to these men, in the same year. |
"They haven't received any compensation apart from the £10,000 payment for immediate medical expenses. | "They haven't received any compensation apart from the £10,000 payment for immediate medical expenses. |
"They are struggling with their finances and their health and that's made even more difficult when executives are getting bonuses of that size. | "They are struggling with their finances and their health and that's made even more difficult when executives are getting bonuses of that size. |
"It's very much insensitive." | "It's very much insensitive." |
Mr Matthews said the group were still considering taking legal action against Parexel. | Mr Matthews said the group were still considering taking legal action against Parexel. |
"We are hoping to avoid going to court, but the longer time goes on without a solution being reached then the more that becomes an option." | "We are hoping to avoid going to court, but the longer time goes on without a solution being reached then the more that becomes an option." |
'Astonishing' | 'Astonishing' |
Along with Mr Matthews, the group of men are represented by Martyn Day, who said the payout was an "insult". | Along with Mr Matthews, the group of men are represented by Martyn Day, who said the payout was an "insult". |
He said: "It is astonishing that they are prepared to pay the chief executive this sort of money, at a time when they are refusing to sit round the table with the guys who have been injured." | He said: "It is astonishing that they are prepared to pay the chief executive this sort of money, at a time when they are refusing to sit round the table with the guys who have been injured." |
The men have only received £10,000 each so far as "interim payments" from the insurance company for TeGenero. | The men have only received £10,000 each so far as "interim payments" from the insurance company for TeGenero. |
A report by the Medicines and Healthcare products Regulatory Agency, the Government's drug watchdog, said Parexel had failed to follow several procedures. | A report by the Medicines and Healthcare products Regulatory Agency, the Government's drug watchdog, said Parexel had failed to follow several procedures. |
A spokeswoman for Parexel said it did not wish to comment. | A spokeswoman for Parexel said it did not wish to comment. |
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