After all, what's half a million dollars? Just pocket change. (Dr. Nemeroff, can this poor journalist have some? I take charity.)
Doctor Didn't Disclose Glaxo Payments, Senator Says
Wall Street Journal
Oct. 4, 2008
A magnificent Emory University psychiatrist didn't tell the college about $500,000 he obtained from drug maker GlaxoSmithKline PLC while heading a government-funded examine project studying Glaxo drugs, Sen. Charles Grassley alleged.
The payments to Charles Nemeroff, chairman of the Atlanta university's psychiatry department, compensated him for making presentations to medical medical experts about Glaxo drugs, including its big-selling antidepressant Paxil, according to facts Sen. Grassley obtained from Emory and Glaxo. The senator made the allegations in a letter to Emory President James W. Wagner dated Thursday.
Dr. Nemeroff has been a protagonist in much of Healthcare Renewal gifts before. $500,000 is merely facet of the windfall:
From 2000 by way of 2006, Dr. Nemeroff obtained merely over $960,000 from Glaxo, but stated to Emory that he obtained no more than $35,000, the letter said.
Dr. Nemeroff has been in the spotlight before over revenue from the medical industry. In 2006, he stepped down as editor of the journal Neuropsychopharmacology after The Wall Street Journal stated he wrote favorably in the e book about a depression-treating device but did now now not disclose he was a paid consultant to its maker, Cyberonics Inc.
In a June 2004 Emory report obtained by Sen. Grassley, the college concluded Dr. Nemeroff had committed violations of its conflict-of-interest policies. At the time, he had consulting arrangements with about a dozen companies, including Merck & Co., Bristol-Myers Squibb Co. and Eli Lilly & Co.
So there has been challenge in the past. Why is this a "special" problem?
Dr. Nemeroff served from 2003 until this past summer time time simply due to the fact the essential investigator on a collaborative provide amongst Emory, Glaxo and the National Institute of Mental Health, a federal agency. The examine effort, referred to simply due to the fact the Emory-GSK-NIMH Collaborative Mood Disorders Initiative, had a $3.95 billion rate fluctuate from the government, and examined five Glaxo drugs seen for use as doubtless antidepressants.
(10/7 Correction: It seems to be the WSJ was incorrect and that the rate fluctuate was $3.95 million, as stated by special sources such simply due to the fact the NY Times.)
I can suppose - hypothetically speaking, for certain - that such sums would perhaps causes academic leaders to turn a "blind eye" to violations of certain hints and policies regarding disclosures of industry payments and conflicts of hobby by college ... merely sayin' ....
What is going on in the interim?
Friday evening, Emory released a statement saying that "in view of the ongoing internal and outdoor investigations into these allegations," Dr. Nemeroff had voluntarily stepped down as chairman of the department, pending reply of the issues.
Voluntarily stepped down? What special chance was there, I ask? That's corresponding to saying the Axis countries voluntarily surrendered in WW2...
There seems to be to be a pattern:
On March 19, 2004, the senator said, Dr. Nemeroff addressed questions from Emory's Conflicts of Interest Committee in a letter in which he wrote: "Apart from speaking at national symposia, such simply due to the fact the American Psychiatric Association, for which GSK would perhaps position a sponsor, my consultation to the model is constrained to chairing their Paroxetine Advisory board and for that, I am remunerated $15,000 per year." Paroxetine is the chemical title for Paxil.
Just three days earlier, however, Glaxo paid Dr. Nemeroff $3,500 for a discuss he gave on Paxil in Orlando, Fla., Sen. Grassley alleges.
The next day, March 17, he gave one special $3,500 discuss about Paxil in Kissimmee, Fla. In the week after writing to the conflict-of-interest committee, Dr. Nemeroff gave three talks on Paxil, for $3,500 each, at various puts in New York, according to the senator.
In my estimation, a couple of issues must be addressed if Sen. Grassley's latest allegations are true:
At the very least, Dr. Nemeroff needs to find himself "persona non grata" in the halls of industry-sponsored drug talks, financial disclosures or not; trust is really broken, but very difficult to repair, and:
The $3.95 million Emory-GSK-NIMH Collaborative Mood Disorders Initiative examining GSK drugs needs to be dissected now now not merely with a fine-toothed comb, but besides a scanning electronic microscope for evidence of conflict of interest-mediated biases, tampering, and special perhaps invalidating shenanigans.
Were these payments declared to the IRS and perfect state(s) regarding gross income taxes?
Again, if these allegations are true, this also can also just be a brazen, egregious breach of trust that can rank as considered one of the best biomedical examine conflict-of-interest scandals, ever.
Thank You and Good article Doctor Nemeroff Didn't Disclose Glaxo Payments - of a mere $500,000 - Grassley Says this time, hopefully can benefit for you all. see you in other article postings.
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