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What does it mean for a physician to have a financial relationship with a pharmaceutical company?

Introduction. Personal financial payments to physicians are a common marketing strategy used by the pharmaceutical industry. These payments include both cash (typically for consulting services or invited lectures) and in-kind gifts such as meals.

What is the difference between medical devices and pharmaceuticals?

It ranges from simple and everyday consumer products such as spectacles, bandages and plasters, to supplies such as gloves and syringes, to implants, stents and X-Ray equipment. Pharmaceutical products are chemical in nature and are designed to actively interact with the bodys metabolic or immune system.

What is a pharmacy conflict of interest?

It is a conflict of interest for a pharmacy or pharmacist to enter into any arrangement with a prescriber which encourages the prescriber to promote the services of the pharmacy or pharmacist.

What laws do pharmaceutical companies have to follow?

In addition to the FDA, other regulatory bodies have oversight over pharmacy. Congress passed the prescription drug marketing act to ensure the quality of medications of American consumers, specifically against adulterations, counterfeiting, misbranding, sub-potency, and expiration.