Public Access to Information about Financial Conflicts of Interest in PHS-funded Research
The Public Health Service regulation (42 CFR 50 Subpart F) requires Institutions to ensure public accessibility to information concerning any significant financial interest disclosed to the Institution that meets the following criteria:
- The significant financial interest was disclosed and is still held by senior/key personnel involved in the research;
- The Institution has determined that the significant financial interest is related to PHS-funded research; and
- The Institution has determined that the significant financial interest is a financial conflict of interest (FCOI).
When a financial conflict of interest in research is identified, a management plan is established in cooperation with the Investigator to address the FCOI per University policy.
When a financial conflict of interest in PHS-funded research has been identified, the following will be made available within 5 business days of a request for information:
- The investigator’s name;
- The investigator’s title and role with respect to the research;
- The name of the entity in which the financial interest is held;
- The nature of the financial interest that constitutes a financial conflict of interest; and
- The approximate value of the financial interest by range or, if the dollar value cannot be determined by reference to public prices or other reasonable measures of fair market value, a statement to that effect.
Previously, this information was available through a public webpage. An update to UT System policy (UTS 175) allows for public access upon request.