The U.S. Department of Health and Human Services today issued an updated Final Rule on conflict of interest, providing a framework for identifying, managing, and ultimately avoiding investigators’ financial conflicts of interest Staff from the National Institutes of Health worked with others in HHS to revise the 1995 regulations to update and enhance the objectivity and integrity of the research process.
Major changes to the regulations include the definition of significant financial interest (SFI), the extent of investigator disclosure, the information reported to the Public Health Service (PHS) awarding component, the information made accessible to the public, and investigator training. For example, the revised regulations:
- Require investigators to disclose to their institutions all of their significant financial interests related to their institutional responsibilities.
- Lower the monetary threshold at which significant financial interests require disclosure, generally from $10,000 to $5,000.
- Require institutions to report to the PHS awarding component additional information on identified financial conflicts of interest and how they are being managed.
- Require institutions to make certain information accessible to the public concerning identified SFIs held by senior/key personnel.
- Require investigators to complete training related to the regulations and their institution’s financial conflict of interest policy.
Additional details about the major changes to the regulations can be found at: (http://grants.nih.gov/grants/FCOI_Final_Rule_inspection_Desk.pdf).
The regulations will be implemented no later than 365 calendar days after publication of the final rule in the Federal Register.
Read more via http://www.nih.gov/news/health/aug2011/od-23.htm.
Posted by Mark Willis
The WSU Medical Student Research Club will hold its first lunchtime meeting of the 2011-2012 academic year on Wednesday, August 25, 12:00-1:00 p.m. , in 260 White Hall. Students who completed the inaugural course of SMD 616, 