CMD superman logo.jpg SourceWatch, a project of the Center for Media and Democracy,

depends on donations from people like you!

Click here to make a tax-deductable contribution.

Drug companies and clinical trials

From SourceWatch
Jump to: navigation, search

In July 2007 the St. Petersburg Times reported on the case of Accentia BioPharmaceuticals, a small drug company attempting top develop a treatment for sinusitis, SinuNase. To research the drug Accentia attracted PPD Inc. as a shareholder. A year later PPD also got the job of running the trials on the safety and effectiveness of SinuNase.

"If the PPD-run trials result in the drug being approved by the Food and Drug Administration, financially strapped Accentia will be on its way to tapping a billion-dollar market of folks with chronic sinusitis. And PPD will get 14 percent of the royalties. Is that a conflict of interest? The FDA doesn't think so," wrote St. Petersburg Times reporter Kris Hundley. [1]

Other SourceWatch Resources

References

  1. Kris Hundley, "Companies run trials of drugs they invest in: Critics say a conflict of interest couldn't be more clear, but the FDA doesn't think so", St. Petersburg Times, July 1, 2007.
This article is a stub. You can help by expanding it.