Free Newsletter
Lilly backs doc-payment disclosure law
Let the sun shine in. A federal proposal requiring drug and device makers to disclose payments to doctors got a boost yesterday when Eli Lilly became the first Big Pharma to back it. Why fess up on gifts, honoraria, travel, and cash payments to physicians? "We believe that being transparent is one way to help re-establish" public confidence in the relationship between doctors and drug makers, according to Dr. Jack Harris, a Lilly VP.
That may be. But the real turning point may have come when lawmakers agreed to raise the threshold for disclosure to $500 from $25--quite a leap--and to apply the rules to all drug and device makers, rather than just companies with more than $100 million in annual sales. Fines were cut, also; now they'd be between $1,000 and $50,000 per violation rather than between $10,000 to $100,000. Plus, the legislation would preempt any state rules on disclosure.
- check out Lilly's statement on the move
- read the Associated Press story
- see the Indianapolis Star's coverage
- get the item from Pharmalot
Related Articles:
Arms twisted, pharma promises disclosure
Senate investigates pharma influence on CME
Top Lilly exec plays secret sales agent
Hospital to ban pharma rep freebies
No freebies? No entry for pharma reps
Paid Research Reports
- Trends in mHealth and Telemedicine
- The Global Aesthetic Dermatology Market Outlook
- Future Directions in Regenerative Medicine
- Pipeline Insight: Insulin Antidiabetics – Novel analogs show promise as alternative delivery methods prove less attractive
- Pipeline Insight: Non-insulin Antidiabetics - Rise of the weight-reducers: Once-weekly GLP-1 agonists and novel SGLT-2 inhibitor
- Forecast Insight: Antidiabetics - Diabetes market growth driven by epidemiological trends and rich pipeline


SHARE
WITH: