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Conflict of Interest Definition “A conflict of interest is a situation in which financial or other personal considerations have the potential to compromise or bias professional judgment and objectivity.” From Columbia University’s Conflict of Interest Policy A Simpler Definition “Trying to Serve Two Masters” Lauris C. Kaldjian, MD, PhD Director, Program in Biomedical Ethics A Bit of Background Perceived Influence of Sales Reps on Prescribing Practices A lot 1% A lot 33% A little 38% None 16% None 61% A Little 51% “You” “Other Physicians” Of Principles and Pens: Attitudes and practices of medicine house staff toward pharmaceutical promotions Am J Med 2001;110:551 Statements on Conflicts of Interest from: IOM / AAMC / ABIM Commonly held belief that small gifts don’t influence behavior is disproved by social science research C.O.I. is a rampant problem Disclosure of financial interests is also a myth that incompletely protects patients Academic Medical Centers must lead the way to abolish gifting practices JAMA 2006; 295:429-433 S.2029 A bill from Senator Grassley “...amend Social Security Act to provide transparency in the relationship between physicians and manufacturers of drugs, devices, or medical supplies…” And increasingly … We must also address patient/public perceptions that our activities may convey a potential for conflict of interest Education Domains UME GME CME Dealing with drug sampling, free meals, etc. Biopharma support for CME Clinical Practice Drug sampling in Clinics Purchase decision making for medical devices Device consulting – for development & usage Research Basic Clinical Translational Entrepreneurial Completeness of disclosure; is disclosure adequate? Intellectual property control & patents Conflict of Interest Task Force Membership (N=34) Broad representation across the College and University Planned Approach Inventory & Review Existing Policies (local & national) Make recommendations with a comprehensive policy (across all 3 core missions) Timeline roughly over 1 year Comments? Suggestions? Questions?