The complexities of individual financial conflicts of interest

Research output: Contribution to journalReview article

2 Scopus citations

Abstract

Academic health centers (AHCs) are unique resources that are critical for the advancement of science and the training of health care providers, scientists, and educators, AHCs depend on public trust. Certain financial relationships between medical school faculty and industry create situations that have the potential to be deleterious to AHCs. Yet, the translation of clinically relevant, scientific advances to products that directly impact patients' lives benefits from entrepreneurial activities, and such activities necessitate interactions between academia and industry. Society has a vested interest in protecting human research participants, maintaining objectivity in scientific research, and encouraging creative research with clinical applications. Conflicts of interest (COI) committees have been created by AHCs to evaluate faculty financial COI and to develop strategies to eliminate, reduce, or manage such conflicts. Issues involving financial COI are relevant to psychiatry. These issues are reviewed from the perspective of regulatory oversight provided by a medical school's COI committee.

Original languageEnglish
Pages (from-to)1-6
Number of pages6
JournalNeuropsychopharmacology
Volume30
Issue number1
DOIs
StatePublished - Jan 1 2005

Keywords

  • Academic medical centers
  • Biomedical research
  • Conflict of interest
  • Entrepreneurship
  • Ethics
  • Faculty medical

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