Sector News

Forest, Otsuka and J&J spend the most on fees and food for doctors

October 2, 2014
Life sciences
The Sunshine Act data’s been out in the open for a couple of days now (well–most of it), and despite the database’s clunkiness, the number crunching is well underway. The Wall Street Journal, for one, has broken down which pharma companies topped the doc-paying list in a variety of different spending categories.
 
The overall highest roller? Genentech, which doled out $122.5 million of the $302.5 million the industry as a whole spent on royalties and licenses between Aug. 1 and Dec. 31 of last year. Forest Labs took the cake on promotional speakers, throwing down $12.5 million in fees to physicians. Otsuka America forked over $9.5 million to docs in consulting fees, while Johnson & Johnson’s Janssen plowed $4.2 million into wining and dining.
 
But as the WSJ points out, those totals don’t necessarily signal a conflict of interest. In fact, some of the physicians who took home the biggest payments last year received them for purposes that had nothing to do with patient care. Several doctors who no longer even practice medicine scored large sums for serving on corporate boards or writing software used in laser-surgery machines, for example.
 
It’s just another reason some docs and drug companies haven’t been too fond of the idea of full disclosure. The numbers paint an incomplete picture–literally, with CMS for now holding back chunks of payment data thanks to coding problems–and, in some cases, a flawed one, medical professionals say.
 
Take Michigan doc James VanderLugt, listed as one of the top-paid in the nation in the “nonconsulting compensation” category. In the 5-month period the database covers, he supposedly pocketed $570,000 from Boehringer Ingelheim-owned Roxane Laboratories for leading clinical research as medical director of Jasper Clinical.
 
But as Jasper CEO Dean Knuth told the WSJ, that’s what the business was paid for conducting the studies. Dr. VanderLugt “would be delighted if he got that!” Knuth said.
 
And then there’s Gabrial Tender, an associate professor of clinical neurosurgery at Louisiana State University, who reportedly showed through $10,640 from Baxano Surgical for food and beverages. But Tender, who leads a residency program for which med device makers often drop off food, says the number’s a mix-up. “There’s no way I can eat or drink that much,” he told the Journal.
 
By Carly Helfand
 

comments closed

Related News

April 20, 2024

CureVac and MD Anderson Cancer Center partner to develop new cancer vaccines

Life sciences

CureVac and the University of Texas’s MD Anderson Cancer Center have announced a co-development and licensing agreement to develop novel messenger ribonucleic acid (mRNA)-based cancer vaccines. The strategic collaboration will focus on the development of differentiated cancer vaccine candidates in selected haematological and solid tumour indications with high unmet medical needs.

April 20, 2024

FUJIFILM plans $1.2 billion investment in major US manufacturing facility

Life sciences

FUJIFILM Corporation is planning to invest $1.2 billion to expand the planned FUJIFILM Diosynth Biotechnologies manufacturing facility in Holly Springs, North Carolina, US. This news follows the organisation’s announcement of a $2 billion investment in the facility in March 2021. This additional financial boost totals the investment to over $3.2 billion, FUJIFILM confirmed.

April 20, 2024

Sanofi cuts staff in Belgium as early-stage research dwindles

Life sciences

Sanofi’s global restructuring and downsizing is now fully underway, with layoffs stretching to the company’s Belgian offices. Belgian newspaper De Tijd reports that 67 employees have been laid off at a site in Ghent and 32 jobs are on the chopping block at Sanofi’s Belgium HQ in Diegem.

How can we help you?

We're easy to reach