The Institute of Medicine released an analysis of the severity of conflicts of interest along with 16 recommendations for eliminating and managing their influence on the practice of medicine.
The report, Conflict of Interest in Medical Research, Education and Practice, concluded that rules to manage conflicts of interest can be implemented without discouraging the development of medical advances. Academic medical centers, journals, professional societies as well as other groups engaged in the development of continuing medical education, clinical guidelines and research were all called upon to develop and adopt comprehensive conflicts-of-interest guidelines and disclosure rules.
The reports 16 recommendations include creating a standardized disclosure format for institutions and individuals to report financial relationships with industry; banning researchers who have a financial interest in a product or company from conducting research that involves human participants; prohibiting the acceptance of gifts from medical products companies; and prohibiting industry funding of professional medical organizations clinical guideline development.
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