Lilly Announces Continued Commitment to Transparency with Faculty Registry
July 31 2009 - 7:57AM
PR Newswire (US)
New Web Site Publicizes Lilly's Payments to Health Care
Professionals INDIANAPOLIS, July 31 /PRNewswire-FirstCall/ -- Today
Eli Lilly and Company (NYSE:LLY) launched an online registry
detailing recent payments it has made to physicians and other
health care professionals - a report known as its "faculty
registry." The data are for the first quarter of 2009; Lilly will
update the registry quarterly going forward. Lilly faculty are
physicians and other health care professionals contracted to
provide specific services on behalf of Lilly and the Lilly alliance
partnerships. Faculty appearing in the registry either advised
Lilly or conducted medical lectures designed for health care
professionals and patient education. The site discloses each
professional's name, location, description of the services provided
and the compensation paid, among other details. "This registry is
consistent with Lilly's efforts to increase transparency," said
Jack Harris, M.D., Lilly's vice president of its U.S. medical
division. "We see greater transparency as integral to rebuilding
trust in our industry." Nearly 3,400 physicians and other health
care professionals are in the dataset. The average payment per
service provided is just over $1,000, with health care
professionals conducting six activities on average. The data are
available at http://www.lillyfacultyregistry.com/. "Our contracted
faculty are key resources in our efforts to improve individual
patient outcomes," Harris said. "They advise us on how to bring the
best new cures and treatments to market, and give lectures to their
peers on Lilly products and disease-state information to help keep
them current on the ever-changing field of medicine. And many of
our faculty educate patients, at the request of their treating
physician, on how to use the Lilly medicine prescribed to them."
Lilly's faculty registry is part of its commitment to enhancing
transparency. In 2004, Lilly became the first company to
voluntarily make public its clinical trials and its clinical trials
data at http://www.lillytrials.com/. In 2007, Lilly added another
first by publicly reporting all of its educational grants and
charitable contributions and, each quarter, posting the data online
at http://www.lillygrantoffice.com/. Lilly announced last September
it would begin to voluntarily disclose physician payments starting
in the second half of 2009. In February 2009, Lilly entered into a
Corporate Integrity Agreement with the Office of the Inspector
General of the U.S. Department of Health and Human Services and was
required to disclose the information. About Lilly Lilly, a leading
innovation-driven corporation, is developing a growing portfolio of
pharmaceutical products by applying the latest research from its
own worldwide laboratories and from collaborations with eminent
scientific organizations. Headquartered in Indianapolis, Ind.,
Lilly provides answers - through medicines and information - for
some of the world's most urgent medical needs. Additional
information about Lilly is available at http://www.lilly.com/.
(Logo: http://www.newscom.com/cgi-bin/prnh/20031219/LLYLOGO) C-LLY
http://www.newscom.com/cgi-bin/prnh/20031219/LLYLOGODATASOURCE: Eli
Lilly and Company CONTACT: Carole Puls, +1-317-277-1421, or Edward
Sagebiel, +1-317-433-9899, both of Eli Lilly and Company
Copyright