Explore our library of blogs, insights, research papers, and more information on compliance in the life sciences industry.
The landscape for Pharmaceutical Drug and Device Manufacturers in North America is changing, especially after the ratification of the Sunshine Payments Act. There’s more publicly available data for everyone—over 25 million records and counting—and much more public accountability accompanying it. Instead of waiting for competitors, the media, Public Prosecutors, or Civil Interest Groups to arrive at […]
There comes a point in life when one comes under the umbrella of rules and regulations. At times, these regulations don’t seem to add much benefit and, in a way, restrict activity unless an individual or an organization is ready to harness this change into something beneficial. The pharmaceutical industry is on the verge of […]
Zurich, Switzerland: Mohammad Ovais, CEO and Founder of qordata, was one of the keynote speakers at the 5th Annual Corporate Compliance & Transparency Conference in the Pharmaceutical Industry. In his address, Mr. Ovais described how qordata, one of the foremost providers of a SaaS Solution for Pharmaceutical Compliance, Business Intelligence, and HCP/HCO Engagement, has identified […]
Both the U.S. and global transparency requirements call for Life Sciences companies to fulfill certain transaction-level reporting criteria. These requirements include the Sunshine Act, U.S. state laws, and European laws. All of these deem it necessary for transfers of value made by pharma companies to physicians to be tracked and reported to the authorities. The […]
A major concern for pharma manufacturers in the EU when submitting their spend is that of duplication of data. The reason behind this concern is that of the risk it poses to their reputation and relationship with HCPs. However, duplication of data can be avoided by verifying it with HCPs before making the data public. In […]
The Department of Justice announced on February 3, 2017, that penalties for the False Claims Act (FCA) will be increasing once again, effective immediately. The minimum per-claim penalty will increase from $10, 781 to $10,957 as a pursuant to the 2015 budget bill that calls for annual re-indexing of FCA penalties for inflation. On the […]
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