Is Self-Regulation Sufficient? Case of the German Transparency Code
AbstractThe German pharmaceutical industry is stepping ahead with its implementation of a new transparency disclosure code for cooperation between pharmaceutical companies and health care professionals (HCPs) and health care organisations (HCOs). In Germany, this transparency code (“Transparenzkodex”) is applicable since January 2015, and data will be publicly available around mid-2016. No empirical work has been done that addresses the impact of the transparency code on cooperation between HCPs, HCOs and the pharmaceutical companies, including the possibilities of competitive analysis of the available data. In this paper, we interviewed experts from 11 pharmaceutical companies representing small, medium-sized as well as multinational corporations which represent 80% of the German pharmaceutical market. Besides interviews, the authors designed a game to evaluate possible financial investments in key opinion leaders. The market can be regarded as a zero sum game. By allowing public identification of such key HCPs and HCOs, the amount spent on them might increase and not decrease. In a way, the transparency code may foster more and not less spending; in our simulation game, the financial investment in marketing key HCPs and HCOs exceeded sustainable limits. View Full-Text
Scifeed alert for new publicationsNever miss any articles matching your research from any publisher
- Get alerts for new papers matching your research
- Find out the new papers from selected authors
- Updated daily for 49'000+ journals and 6000+ publishers
- Define your Scifeed now
Buske, K.; Jentzsch, S.; Bechter, C. Is Self-Regulation Sufficient? Case of the German Transparency Code. Adm. Sci. 2016, 6, 3.
Buske K, Jentzsch S, Bechter C. Is Self-Regulation Sufficient? Case of the German Transparency Code. Administrative Sciences. 2016; 6(1):3.Chicago/Turabian Style
Buske, Kristin; Jentzsch, Stefan; Bechter, Clemens. 2016. "Is Self-Regulation Sufficient? Case of the German Transparency Code." Adm. Sci. 6, no. 1: 3.
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.