New Medicines Australia code of conduct focuses on transparency and disclosure
The new Medicines Australia Code of Conduct comes into effect from today, bringing in changes to transparency and self-regulation codes.
This, the 18th edition, aims to increase transparency and build consumer trust by bringing in rules around disclosing company payments to healthcare professionals such as educational support through airfares and accommodation. Member companies of trade group Medicines Australia will have to publicly report when a company pays a healthcare professional for their service or provides financial support to them.
Healthcare stakeholders have voiced their support for the changes. Tim James, chief executive of Medicines Australia, said: “The new Code is an important development in building on the established, trusted relationship between patients and healthcare professionals. A strong working relationship and ongoing knowledge exchange between the Australian innovative medicines industry and healthcare professionals are critical to better patient outcomes.”
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