Pfizer hops on transparency bandwagon with disclosures

Share this article:
Kindler: accelerating Pfizer's pipeline
Kindler: accelerating Pfizer's pipeline
Following the lead of peers like Lilly and GlaxoSmithKline, Pfizer announced plans to publicly disclose payments to US physicians, healthcare professionals and clinical investigators in excess of $500 per year, along with non-monetary items worth more than $25.

The policy includes payments to principal investigators, major academic institutions and research sites for clinical research. In a first, the company said, annual disclosures will include payments for conducting Phase I-IV clinical trials as well as for speaking and consulting.

The first report is slated to appear on the company's website in early 2010, and will include payments from July 1, 2009 on.  

“We are committed to taking the steps necessary to achieve greater transparency in our interactions with US healthcare professionals,” said chairman and CEO Jeff Kindler in a statement. “By disclosing payments to physicians, we are breaking down a major barrier and increasing the trust healthcare providers must have when prescribing our medicines. To be viewed as an open, candid and transparent company, we must address the concerns of our customers and take action. This new initiative does just that.”
Share this article:

Email Newsletters

More in News

Doctors want to know how CMS plans to display Sunshine payment data

Doctors want to know how CMS plans to ...

Physician and industry trade groups are asking CMS to explain how context will be provided to the general public around the dollar sums drugmakers ascribe to doctors for things like ...

Pfizer Q2 sales slip, but still beat expectations

Pfizer Q2 sales slip, but still beat expectations

Patent losses and lost co-promotion agreements put a dent in sales.

Lack of marketing partner delays Afrezza launch

Lack of marketing partner delays Afrezza launch

Afrezza was heralded as one of the most innovative diabetes products of the last decade. So, why hasn't MannKind set a firm launch date for the product?