An example of an individual financial COI is?
Individual financial conflict of interest (COI) in research refers to a situation where a researcher has a personal financial interest that could potentially influence their research activities and decisions.
Individual financial COIs can create a risk of bias in research and undermine the integrity of the results. It is important for researchers to disclose any potential financial COIs to ensure transparency and minimize the risk of bias.
Question
An example of an individual financial COI is?
Answer
The answer is a researcher's spouse holds equity in a publicly traded pharmaceutical company that is also the sponsor of the researcher's study.
Explanation
The researcher's spouse holding equity in the pharmaceutical company that is sponsoring the study creates a financial interest for the researcher that may influence their decisions or bias their interpretation of the results.
It is important for researchers to disclose any potential financial COIs to ensure transparency and minimize the risk of bias. Disclosures should be made to the research sponsor, the Institutional Review Board (IRB), and any other relevant parties.
In some cases, it may be necessary to manage or eliminate the COI before the research can proceed. This could involve recusal from certain decisions or responsibilities, divestment of financial interests, or other actions to mitigate the potential for bias.
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