Doctors Given Millions by Device Makers Fail to Disclose Pay in Research - Bloomberg Doctors Given Millions by Device Makers Fail to Disclose Pay in Research
By Michelle Fay Cortez - Sep 13, 2010 4:00 PM ET Fewer than half of the physicians who received $1 million or more in consulting fees from medical device companies including Johnson & Johnson, Stryker Corp. and Biomet Inc. in 2007 disclosed the financial ties in subsequent articles they wrote about the industry, a study shows.
Investigators analyzed a database of payments from J&J?s DePuy unit, Stryker, Zimmer Holdings Inc., Biomet and Smith & Nephew Plc, and cross referenced their findings with disclosures on medical journal articles written by the top-paid consultants, according to the report released today in the Archives of Internal Medicine. They focused on 40 orthopedic surgeon researchers given at least $1 million from a single company and another who received that much from two companies. The biggest payout was $8.9 million The five companies overall made 985 payments to doctors for a total of $184 million in 2007 for consulting services, honoraria or assistance related to hip- and knee-replacement and reconstruction, with an average payment of $187,000, the institute researchers found. The Institute on Medicine as a Profession is a research group based at Columbia University College of Physicians & Surgeons in New York......socialism for the few!
By Michelle Fay Cortez - Sep 13, 2010 4:00 PM ET Fewer than half of the physicians who received $1 million or more in consulting fees from medical device companies including Johnson & Johnson, Stryker Corp. and Biomet Inc. in 2007 disclosed the financial ties in subsequent articles they wrote about the industry, a study shows.
Investigators analyzed a database of payments from J&J?s DePuy unit, Stryker, Zimmer Holdings Inc., Biomet and Smith & Nephew Plc, and cross referenced their findings with disclosures on medical journal articles written by the top-paid consultants, according to the report released today in the Archives of Internal Medicine. They focused on 40 orthopedic surgeon researchers given at least $1 million from a single company and another who received that much from two companies. The biggest payout was $8.9 million The five companies overall made 985 payments to doctors for a total of $184 million in 2007 for consulting services, honoraria or assistance related to hip- and knee-replacement and reconstruction, with an average payment of $187,000, the institute researchers found. The Institute on Medicine as a Profession is a research group based at Columbia University College of Physicians & Surgeons in New York......socialism for the few!
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