With a view to ensure smooth medical progress necessary for the public health pharmaceutical companies adopted a Code on Transfers of Value from Pharmaceutical Companies to Healthcare Professionals and Healthcare Organisations (hereinafter – the “Disclosure Code”).
This European-wide unified and effective self-regulation code was adopted by companies within the European Federation of Pharmaceutical Industries and Associations (EFPIA).
In Lithuania this Code is followed by 40 companies united by the Innovative Pharmaceutical Industry Association (IFPA) and the Pharmaceutical Manufacturers’ Association (VGA).
The Disclosure Code imposes obligations on companies to disclose information on their inputs into the improvement of healthcare professionals’ competence and qualifications, information on the involvement of practising healthcare professionals in medical innovation-related clinical trials, and other information.
Pharmaceutical companies provide this information by disclosing transfers of value to healthcare professionals or healthcare organisations.
The transfers of value may be expressed in a form of a non-financial benefit (e.g. where companies support the participation of a healthcare professional in a conference related to their area of practice by paying for flight tickets or conference registration fees) or a financial contribution (e.g. where companies pay for the participation of a healthcare professional in clinical trials of innovative treatments).
Even though collaboration between pharmaceutical companies and healthcare professionals both in Lithuania and other Member States of the European Union (EU) is regulated by the EU directives, national laws and self-regulation initiatives (e.g. Codes of Ethics), by adopting the Disclosure Code the industry has made another step towards building up trust among the public, the industry and healthcare professionals.
IFPA and VGA members are implementing provisions of the Disclosure Code by following applicable competition and data protection laws, legislation and other legal requirements.