Revised Financial Conflict of Interest Regulations
The US Department of Health and Human Services has issued new regulations concerning financial conflicts of interest for those seeking Public Health Service funding from agencies such as NIH, FDA, HRSA, CDC, SAMHSA, etc. Significant financial interests of more than $5000 in payments for services and equity interests may be reportable. Exclusions include income from seminars, lectures, or teaching engagements; service on advisory or review panels for a federal, state, or local government agencies; institutions of higher education; academic teaching hospitals; medical centers; or research institutes affiliated with an institution of higher education, although travel reimbursements may be considered a conflict. In addition, new training requirements have been outlined for investigators. These regulations will take effect no later than August 2012 and other Federal agencies are likely follow with their own requirements.
The Office of Research Integrity and Compliance and the Office of Research Administration will be working in the coming months to revise campus procedures and practices in accordance with the new requirements and will keep the campus community apprised of the progress.
For more, visit the NIH FCOI page.