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Title: Top Psychiatrist Didn’t Report Drug Makers’ Pay


Birdbomb - October 13, 2008 08:41 PM (GMT)
QUOTE
One of the nation’s most influential psychiatrists earned more than $2.8 million in consulting arrangements with drug makers from 2000 to 2007, failed to report at least $1.2 million of that income to his university and violated federal research rules, according to documents provided to Congressional investigators.

The psychiatrist, Dr. Charles B. Nemeroff of Emory University, is the most prominent figure to date in a series of disclosures that is shaking the world of academic medicine and seems likely to force broad changes in the relationships between doctors and drug makers.

In one telling example, Dr. Nemeroff signed a letter dated July 15, 2004, promising Emory administrators that he would earn less than $10,000 a year from GlaxoSmithKline to comply with federal rules. But on that day, he was at the Four Seasons Resort in Jackson Hole, Wyo., earning $3,000 of what would become $170,000 in income that year from that company — 17 times the figure he had agreed on.

The Congressional inquiry, led by Senator Charles E. Grassley, Republican of Iowa, is systematically asking some of the nation’s leading researchers to provide their conflict-of-interest disclosures, and Mr. Grassley is comparing those documents with records of actual payments from drug companies. The records often conflict, sometimes starkly.

“After questioning about 20 doctors and research institutions, it looks like problems with transparency are everywhere,” Mr. Grassley said. “The current system for tracking financial relationships isn’t working.”

The findings suggest that universities are all but incapable of policing their faculty’s conflicts of interest. Almost every major medical school and medical society is now reassessing its relationships with drug and device makers.......click here for the rest of the article




Senator Grassley is the MAN!

gel61820 - October 13, 2008 10:53 PM (GMT)
Great find, BB! This just goes to show that if someone is benefitting, the regulatory officials will overlook even the most grievous issues. I am sure Emory University is going to be sorry they did not act when the good doctor wrote that letter in 2000 stating all those pharmaceuticals had helped the university benefit in ways other than his pocketbook by him being on their boards.

If this is not a conflict of interest, I don't know what is!!!!!!!!

Dispatch - October 14, 2008 01:26 AM (GMT)
:Yeah That: Gel!

Senator Grassley is the Man. He has had things in the works with Cyberonics as well.

This article displays a definate conflict of interest.

Dispatch B)



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