MN Legislator’s Bill Would Extended Pharma Disclosure Provision to Device Companies

[This article posted on December 12, 2008. It is posted within the following categories: Corporate, Pharma & Devices, Politics & The Law, via Michael Douglas, MD, MBA.]

These days, professionals in healthcare have learned to accept the certain fate of pharmaceutical reps and their decreasing stranglehold on the provider targets on whom they prey to essentially hock the respective pharma company’s wares.  Now-ubiquitous state statutes require pharma companies to report financial ties to physicians and their representative healthcare organizations, creating the environment Pharma finds itself in today — a culture of advertising restriction and full physician-client disclosure of association.  

One state that was originally at the vanguard of legislating and, and in many cases, restricting the amount of gifts which providers or their organizations could obtain at the hands of pharma marketing is Minnesota. Now, a MN state senator wants to craft his version of a federal bill aimed at broadening the reach of this type of full disclosure, and the objects of his legislation are the medical device companies and the physicians to and for whom they market and commission randomized trials. | LINK

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