Database Reveals ‘Significant’ Financial Conflicts Of Interest For Federally Funded Health Researchers
The NIH requires disclosures of “significant” financial conflicts but has never released the database to an outside party before.
Federally Funded Health Researchers Disclose At Least $188 Million In Conflicts Of Interest. Can You Trust Their Findings?
Federally funded health researchers reported more than 8,000 “significant” financial conflicts of interest worth at least $188 million since 2012, according to filings in a government database obtained by ProPublica. The database of disclosures reported to the National Institutes of Health, which has not been made public before, details the financial relationships of researchers at universities, hospitals and nonprofit organizations. These outside interests range from stock holdings in companies that may benefit from the outcome of research to payments for royalties, consulting work and speaking engagements. The total value of the conflicts is likely much higher than $188 million, in part because 44% of the disclosures did not place a dollar value on the investigator’s financial relationship. (Armstrong and Waldman, 12/6)
Medical Professors Are Supposed To Share Their Outside Income With The University Of California. But Many Don’t.
For nearly two decades, Dr. Neal Hermanowicz has led the movement disorders program at the University of California’s Irvine campus, where he earns more than $380,000 a year in salary and bonuses. The widely respected expert on Parkinson’s and Huntington’s diseases adds to his income by consulting for drug companies. Since 2014, 11 pharmaceutical companies have paid him a total of at least $588,000 for consulting, speaking and honoraria, according to federal data. For example, he has received more than $225,000 in speaking and consulting fees from San Diego-based Acadia Pharmaceuticals, manufacturer of a controversial drug for Parkinson’s-related psychosis. (Waldman, 12/6)