Pharma firms to disclose financial terms of hiring for clinical trials

The idea is to bring in transparency and ensure no unfair means are used by either firms or investigators in clinical trials to manipulate data

BS Reporter New Delhi
Last Updated : Sep 07 2013 | 11:28 AM IST
Pharmaceutical companies must disclose to the drug regulator the terms of all financial arrangements with any clinical research organisation (CRO) or investigators to conduct clinical trials.
 
A recent notification by the Drugs Controller General of India (DCGI) said companies must furnish “information regarding financial support, fees, honorarium, payments in kind, etc, to be paid to the investigator as per contract entered into by the sponsor with the investigator or institution in clinical trials”.
 
The idea is to bring in transparency and ensure no unfair means are used by either companies or investigators in clinical trials to manipulate data or mishandle patients, an official said.
 
The guidelines for good clinical practice require drug makers to enter into a formal and legal agreement with an investigator or CRO before starting a clinical trial. This agreement is supposed to detail the terms of the trial. The regulator has now said companies must ensure this agreement includes financial details between the two parties, to be  furnished to the regulator while seeking an approval for the trial.
 
“The agreement should also define the relationship between the investigator and the sponsor in matters such as financial support, fees, honorarium, payments in kind, etc,” the notification said.
 
The move comes in the wake of  the Supreme Court asking the government to keep a stringent check on clinical trials conducted in the country. 
 
Although companies are required to seek permission from the DCGI to conduct or outsource clinical trials in the country, keeping  a check on unethical practices had become an issue. After the apex court’s strict directions in the matter, the regulator and the health ministry are putting several guidelines in place.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 07 2013 | 12:41 AM IST

Next Story