Pharma Agrees to Disclose Grants to Outside Groups

April 13, 2008 at 10:23 pm Leave a comment

Under pressure from the federal government a growing number of pharmaceutical companies are volunteering to publicly disclose grants to outside groups in efforts to head off legislation requiring such reporting. Details concerning the grants, including grants in support of CME activities, will be provided on each company’s web site. Many companies will go beyond disclosing grants for continuing medical education and will also disclose payments to patient advocay groups like the American Heart Association, the American Diabetes Association, and accredited CME providers. At least one company, Boston Scientific, is developing a system that discloses certain payments to physicians.

Senators Grassley and Kohl on the Senate Finance Committee have introduced legislation that would require drug and device makers to disclose anything of value given to physicians, such as payments, gifts or travel.

In a few states, such as Vermont and Minnesota, drug companies must disclose certain payments to physicians. Baxter International, Inc. has indicated to Senator Grassley that it could support legislation setting a national disclosure standard, but it’s critical the standard pre-empt state laws.

With this will surely come additional government queries directed to grant recipients asking for an accounting of how the funds were spent. Are you ready for that?

Click here to see letters to Grassley from pharma.

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Entry filed under: CME Issues.

Pharma Free CME – Oregon Academy of Family Physicians Pharma Interest in CME Outcomes

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