Drugmakers face difficulty justifying expenses amid restrictions
The pharmaceutical industry in the U.S. may decide to discontinue sponsorship of continuing medical education, says Jordan Stone, research analyst at Cutting Edge Information (Research Triangle Park, NC). Limits to the communication between drug company sponsors and speakers at CME events are making it difficult for drugmakers to justify the funding. Compliance with such limits, already spelled out in Accreditation Council for Continuing Medical Education (ACCME) guidelines, becomes mandatory in August.
“This issue of shutting out industry control or recommendation kept cropping up in our recent interviews with industry people dealing with CME,” says Stone, lead author of the report, Key Opinion Leaders: Relationship Management and Segmentation Data, which aids drugmakers in thought leader management strategies. “All of those interviewed either mentioned it or spoke directly to these policies and their effects.”
ACCME stipulates that sponsors may not specify how the money is spent or even review drug-related data delivered by a key opinion leader during a speech. And such restrictions may become more stringent as policymakers around the world continue to question the relationship among doctors, academics, and the pharmaceutical industry.
“One major concern stems from a company’s inability to fact-check an educational speech, creating the possibility that a physician may accidentally lecture using inaccurate information,” says Stone.
Public concerns abound that pharmaceutical industry-sponsored CME results in a conflict of interest. A recent publication of the UK Royal College of Physicians, for example, advocates a gradual reduction of pharmaceutical industry-sponsored continuing medical education in the UK. “Continuing professional development programmes are too dependent on industry support. Royal colleges and faculties, together with NHS institutions, need to rethink their role in postgraduate education…. New ways should be found to reduce the reliance of postgraduate medical education on sponsorship by pharmaceutical companies and the wider biomedical industry,” according to Innovating for health: Patients, physicians, the pharmaceutical industry and the NHS, published by the college in February.
LogiPharma Unpacked: Highlights, Key Insights, and the Road to 2025
October 16th 2024In this special post-show episode, we sit down with Ryan Portela, Head of Production for LogiPharma, to reflect on the highlights and key takeaways from this year’s event. From attendee feedback to the most impactful sessions, Ryan shares insider insights and discusses how the momentum from 2024 will continue to shape the future of pharma supply chains. Plus, get a sneak peek into the exciting plans for LogiPharma's 20th Anniversary in 2025.
Reimagining Closed-Loop Marketing Strategies for Pharma Companies
November 21st 2024The pharmaceutical industry is evolving, and so are the strategies needed to connect with healthcare professionals. Closed-loop marketing (CLM) has become essential in delivering personalized, data-driven engagement that resonates with physicians and improves key outcomes, such as enhancing patient care, increasing
Maximize Pharma’s Potential with AI-Ready Data for Commercial Excellence
November 21st 2024As the pharmaceutical industry embraces the power of AI, having data that’s large, diverse, and well-structured is critical for driving innovation and improving outcomes. Ensuring your data is AI-ready and can be used with more advanced solutions enables your teams to make informed strategic decisions, predict trends, enhance customer engagements and drive overall strategy.