What will Harvard Medical School's new conflict-of-interest policy mean for its faculty?
Below is a summary of the review's key recommendations for policy changes that will take effect on a rolling basis starting January.
Faculty must...
-disclose all financial interests, which will be listed publicly on the school's Catalyst website.
-alert the school's Standing Committee of Conflicts of Interest of their participation on a board of a for-profit company that may lead to conflicts of interest
Faculty cannot...
-participate in engagements where they are paid to give a talk for which the material is prepared in advance by the company
-accept personal gifts, travel, or meals from industry
-earn more than $10,000 a year from companies whose products technologies they are investigating in clinical research
-hold more than $30,000 in stocks of a public pharmaceutical or medical device-making company or hold any stock in a private company sponsoring the faculty's research
Industry cannot...
-fund continuing medical education courses unless there are multiple sponsors
-send sales or marketing representatives to target students on campus
This article has been revised to reflect the following clarification:
CLARIFICATION: July 22, 2010
An earlier version of the July 21 news article "RECAP: New Rules for Harvard Medical School Faculty" stated that the new conflict of interest policies prohibit faculty from giving industry-sponsored talks. To clarify, faculty are prohibited from giving paid talks for which the material is prepared in advance by the company.
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