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.
-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
-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
-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.
James Fuller ’10
Harvard Medical School Restricts Faculty Ties to IndustryHarvard Medical School's 11,000 faculty will face stricter regulations governing their relationship with pharmaceutical and medical device-making companies starting January, under a new policy designed to prevent conflicts of interest with industry.
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