An investigator received $4,000 of consulting income from a publicly traded drug company over the past 12 months. The investigator also owns stock in that company valued at $2,000. The investigator is submitting a grant to the National Institutes of Health that involves evaluating the effectiveness of a drug produced by the same drug company. What is true?

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Izabella Henry

Business

12 June, 05:08

An investigator received $4,000 of consulting income from a publicly traded drug company over the past 12 months. The investigator also owns stock in that company valued at $2,000. The investigator is submitting a grant to the National Institutes of Health that involves evaluating the effectiveness of a drug produced by the same drug company. What is true?

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Makaila Ware · Answer 1

The investigator has to disclose that he has a significant financial interest with that specific drug company. Whenever an investigator has more than $5,000 ($2,000 + $4,000 = $6,000) in stock and/or consulting income from a single company, it must disclose that relationship when it is applying for NIH funding.