Financial Conflict of interest in research
means the consolidated total of monies received from a single entity (i.e. through Remuneration, Sponsored Travel, Equity Interests, etc.). Show c COI Committeemeans MIT’s committee or the individual that advises the Institutional Official with respect to conflict of interest matters. Conflict of Interest Officermeans the MIT staff member responsible for supporting the Institutional Official in implementing this Policy. d Designated Officialmeans either the Conflict of Interest Officer or, in complex cases, the Investigator’s Department, Lab, or Center Head; School Dean; or any other member of the senior administration designated by the Institutional Official to review disclosures to determine if there is a relationship between an Investigator’s Significant Financial Interest, and for PHS Investigators, reimbursed or sponsored travel, and his or her Institutional Responsibilities. e means stock, stock options, warrants, and other existing or contingent ownership interests in a commercial entity. f Familymeans an Investigator’s spouse or domestic partner and dependent children. Financial Conflict of Interestmeans a Significant Financial Interest and for PHS Investigators, Sponsored Travel, that MIT reasonably determines could directly and significantly affect the design, conduct, or reporting of research. i Institutional Officialmeans the individual within MIT that is ultimately responsible for the review of disclosures of Significant Financial Interests and the management of Financial Conflicts of Interest. The Institutional Official is the Vice President for Research. Institutional Responsibilities means the Investigator’s responsibilities associated with his or her MIT appointment or position, such as research; teaching; administration; conference attendance, research presentations or lectures at other universities or uncompensated publication review; and service on MIT committees. Investigator means the individual or individuals who are independently responsible for the design, conduct, or reporting of the research project. This is typically, the principal investigator and any co-principal investigator (i.e. the project leadership), though in some cases the principal investigator may determine that others are independently responsible for the project. Some sponsors have specific requirements for identifying Investigators. See the Research Administration Services website for more information. o Outside Professional Activitiesmeans compensated and uncompensated activities undertaken outside of an Investigator’s Institutional Responsibilities. p means the Public Health Service of the U.S. Department of Health and Human Services, including, but not limited to the National Institutes of Health (NIH), the Administration for Children and Families, Administration on Aging, Agency for Healthcare Research and Quality, Agency for Toxic Substances and Disease Registry, Centers for Disease Control and Prevention, Federal Occupational Health, Food and Drug Administration, Health Resources and Services Administration, Indian Health Service, and Substance Abuse and Mental Health Services Administration. The most current list can be found at the PHS website: https://www.federalregister.gov/agencies/public-health-service r Related Entity means any domestic or foreign, public or private, for profit, non-profit or governmental organization in which the Investigator, alone or in combination with his or her Family, holds a Significant Financial Interest. Remunerationincludes salary and payments for services, such as consulting fees, honoraria or paid authorship, and cash or in kind gifts from entities for which you provide services and, for PHS Investigators, Sponsored Travel. s Significant Financial Interestmeans a financial interest that meets any of the criteria for significance set forth below and is received or held:
A financial interest is deemed to be significant if:
Significant Financial Interest does NOT include:
(applies only to PHS Investigators) means (a) travel expenses paid to an Investigator or travel paid on an Investigator’s behalf, by a single entity in any 12-month period and (b) travel reimbursed to or paid on behalf of an Investigator’s Family by a single entity in any 12-month period ONLY if such travel reasonably appears to be related to the Investigator’s Institutional Responsibilities. See the PHS Addendum for more information. Which is an example of a financial conflict of interest?Examples of Potential Financial Conflicts of Interest: An institution's researcher holds an executive position with a company that stands to benefit from the research being conducted at the institution.
Is financial conflict of interest a research misconduct?Failing to disclose significant financial interests should be evaluated as potential research misconduct.
What are the three types of conflict of interest in research?Conflicts of interest may be actual, potential or perceived and involve financial and non-financial benefits.
What is a financial conflict?A Real Financial Conflict of Interest exists when a financial interest – or other opportunity for personal financial gain – is likely to compromise or influence the objective design, conduct, reporting, or direct administration of research.
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