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Patrick dismisses criticism of past investment by abortion foes

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GOP lieutenant governor hopeful Dan Patrick (Courtesy photo)

Lieutenant governor candidate Dan Patrick dismissed as “ridiculous” a published report Thursday about his owning stock in a company that makes the Plan B emergency contraception pill.

“I have a money manager. I don’t buy my stocks,” Patrick said of his brief investment in Teva Pharmaceuticals, maker of the so-called morning after pill.

When taken within 72 hours of unprotected sex, the drug can prevent pregnancy. Because among other things it can keep a fertilized egg from attaching to a woman’s uterus, some anti-abortion activists say Plan B destroys human life. Two abortion opponents criticized Patrick for owning the stock in this Texas Tribune story.

Patrick appeared Thursday at TribLive, the online politics outlet’s series of newsmaker interviews. When asked about the stock investment, he said he neither selected the stock personally nor had any idea that Teva makes Plan B. His broker sold the Teva shares, after six months, a few years ago, he said.

“I couldn’t tell you what I own today or what I bought yesterday. … I lost money on it. There’s not a story,” he said.

Patrick, a Republican state senator since 2006, is the long-time host of a conservative talk radio show in Houston. He is among three leading GOP challengers to incumbent Lt. Gov. David Dewhurst in the March primary. The others are Agriculture Commissioner Todd Staples and Land Commissioner Jerry Patterson.

“This is ridiculous. It’s a major company that manufactures a lot of drugs,” Patrick said of Teva. Patrick called the Tribune story “obviously an attack piece by one of my opponents,” Dewhurst.

Evan Smith, the Tribune‘s CEO and editor in chief, said opponents are starting to build a “negative case” against Patrick.

“They say, ‘We’re going to go after Dan Patrick personally,’” Smith said. “… They’re going to call you Dan Goeb as opposed to Dan Patrick. They’re going to say, ‘He changed his name. There’s something weird about that.’ Every time we hear the lieutenant governor [Dewhurst] calling the Allen Police Department on audio, we’re going to then hear your on-air vasectomy from when you were on radio back in the day. They’re going to try to make you out to be weird and unstable. … What do you do when they start bringing that stuff up?”

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