Senators investigating J&J payments
Device Regulation Alert: Safety, Compliance and Reimbursement News, November 10, 2008
Senators Charles Grassley (R-IA) and Herb Kohl (D-WI) are looking into Johnson & Johnson’s financial relationship with physicians who use the company’s Cypher drug-coated stent.
J&J disclosed the investigation in a filing with the Securities and Exchange Commission. Last month, Grassley and Kohl questioned Columbia University about cardiology professors who received consulting payments from companies that market stents, including J&J.
The senators are also investigating J&J’s payments and benefits to specified psychiatrists associated with psychiatric professional associations.
Grassley and Kohl introduced the Physician Payments Sunshine Act in 2007. The act would require pharmaceutical and medical device companies to disclose all payments to physicians. The bill is still under consideration.
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