Thursday, April 16, 2015

Question of the Day April 16, 2015 What are the current conflicts of interest in the compounding industry? Note the various definitions of conflicts of interest below and consider how such definitions might apply in the compounding industry. What has the compounding industry done to prevent conflicts of interest? Alternatively, have they created more conflicts in recent years while attempting to protect their right to compound? Is this more a question of business or medical ethics? What, if any, other industry allows the overlap that is seen in the compounding pharmacy industry?

Conflicts of Interest

Risks of conflicts of interest can generally be found at two levels:
  • as organizational conflicts of interest; and
  • as personal conflicts of interest.
An organizational conflict of interest arises where, because of other activities or relationships, an organization is unable to render impartial services, the organization's objectivity in performing mandated work is or might be impaired, or the organization has an unfair competitive advantage. A personal conflict of interest is a situation where a person's private interests — such as outside professional relationships or personal financial assets — interfere or may be perceived to interfere with his/her performance of official duties.

  1. Conflict of Interest in Four Professions: A Comparative ...

    www.ncbi.nlm.nih.gov/...
    National Center for Biotechnology Information
    by B Lo - ‎2009
    Finally, these professions all recognize conflicts of interest as posing a threat to the integrity ... The term also began to appear in codes of ethics in the 1970s, although related terms, .... state: candidates must generally hold a law degree (J.D.) from anaccredited law school; .... entering into a business transaction with a client,.
  2. APhA Conflict of Interest Policy - American Pharmacists ...
  3. www.pharmacist.com/.../APhA%20Co...
    American Pharmacists Association
    Taken From the APhA Board of Trustees' Policies & Procedures Manual ... c) demonstrated an inability to manage conflicts of interest. Individuals in Category (2) ...

    1. Lax Policing of Doctor and Pharmacy Conflicts Is Found in ...

      www.nytimes.com/.../lax-policing-of-doctor-and-p...
      The New York Times
      Mar 5, 2013 - “Additionally,” the report said, “23 percent of pharmacy and therapeutics ... A few state Medicaid programs have conflict-of-interest policies more  ...

    2. Conflict of Interest Policy 2014 - Australian Pharmacy Council

      pharmacycouncil.org.au/.../Policies/Conflict%20of%20Interest%20Policy...
      Apr 29, 2014 - APC COI Policy. Page 1 of 5. Conflict Of Interest Policy. Purpose. The Australian Pharmacy Council (APC) is committed to maintaining high ...
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