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Questions and Answers
An investigator received $4,000 in consulting income from a publicly traded drug company and owns $2,000 worth of stock in the same company. They are submitting an NIH grant to evaluate the company's drug. Which statement is true regarding significant financial interest?
An investigator received $4,000 in consulting income from a publicly traded drug company and owns $2,000 worth of stock in the same company. They are submitting an NIH grant to evaluate the company's drug. Which statement is true regarding significant financial interest?
- The investigator does not have a significant financial interest because the stock's value is less than $5,000.
- The value of stock is not calculated when determining significant financial interests.
- The investigator does not have a significant financial interest because the consulting income is less than $5,000.
- The aggregate of the consulting income and the stock exceeds $5,000 and therefore is a significant financial interest. (correct)
An investigator received $4,000 of consulting income from a publicly traded drug company and owns stock in that company valued at $2,000. They are submitting a grant to the National Institutes of Health to evaluate the company's drug. Which statement is true?
An investigator received $4,000 of consulting income from a publicly traded drug company and owns stock in that company valued at $2,000. They are submitting a grant to the National Institutes of Health to evaluate the company's drug. Which statement is true?
- The investigator does not have a significant financial interest because the consulting income is less than $5,000.
- The investigator does not have a significant financial interest because the stock's value is less than $5,000.
- The aggregate of the consulting income and the stock exceeds $5,000 and therefore is a significant financial interest. (correct)
- The value of stock is not calculated when determining significant financial interests.
When do investigators pursuing research have to disclose significant financial interests?
When do investigators pursuing research have to disclose significant financial interests?
- Prior to the submission of a grant proposal. (correct)
- Only after the research is completed and results are published.
- Only if the research involves human subjects.
- Only if the research is funded by a non-profit organization.
What is the primary purpose of conflict of interest policies in research?
What is the primary purpose of conflict of interest policies in research?
Which of the following would typically be considered a financial conflict of interest in research?
Which of the following would typically be considered a financial conflict of interest in research?
What action should an investigator take if they identify a potential conflict of interest?
What action should an investigator take if they identify a potential conflict of interest?
Flashcards
Significant Financial Interest Threshold
Significant Financial Interest Threshold
Financial interests exceeding $5,000 (including the value of equity and consulting income) in a publicly traded entity.
Evaluating Effectiveness
Evaluating Effectiveness
A comprehensive study to determine the effectiveness or lack thereof of a particular intervention or substance.
Consulting Income
Consulting Income
Income received for providing expertise or services to a company.
Stock Ownership
Stock Ownership
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Conflict of Interest Disclosure
Conflict of Interest Disclosure
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What constitutes a 'financial interest'?
What constitutes a 'financial interest'?
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What is a 'significant financial interest'?
What is a 'significant financial interest'?
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How are consulting income and stock value treated?
How are consulting income and stock value treated?
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When does consulting income PLUS stock constitute a significant financial interest?
When does consulting income PLUS stock constitute a significant financial interest?
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