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Big Pharma's Hidden Business Model and How Your Company Funds It

Harvard Business Review

Since companies test their own products—an obvious conflict of interest—they naturally design clinical trials to maximize evidence that they are beneficial and minimize evidence they are harmful. See The Risks of Prescription Drugs (Columbia 2010). These cost employers even more in hidden ways.

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Integrating Maintenance of Board Certification and Health Systems’ Quality-Improvement Programs

Harvard Business Review

The Mayo Quality Academy offers 30 courses, ranging from Lean and Six-Sigma to Human Factors and Change Management. In addition to disclosing conflicts of interest, physicians attest to participating in the QIP and report their roles (see Table 2 ). Meaningful participation standards.

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At Olympus and Goldman Sachs, Two Very Different Whistleblowers

Harvard Business Review

For example, the SEC in 2010 had charged Goldman with misleading some of the parties to a billion dollar transaction (involving a complex derivative called a synthetic collateralized debt obligation), alleging specific facts about undisclosed conflicts of interest. Goldman settled within months for $550 million.

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How Pharma Can Fix Its Reputation and Its Business at the Same Time

Harvard Business Review

The estimated return on these (fewer) products has itself declined substantially since 2010, from 10.1% For instance, 60 institutional investors, collectively managing more than $5.5 For each $1 billion spent on R&D, the number of new medicines approved has halved roughly every nine years since 1950.

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What You Should Know About Dodd-Frank and What Happens If It’s Rolled Back

Harvard Business Review

On February 3 President Trump issued an executive order directing the Treasury Department to conduct a sweeping review of financial regulation, including Dodd-Frank , the financial reform bill passed, in 2010, as part of the Obama administration’s response to the 2008 financial crisis and subsequent recession.