Our Company / Ethics&transparency / HCP/HCO Relationship
Mutual growth, transparency and patient centricity are the values that guide our dialogue with the medical community. The open sharing of knowledge and experiences with healthcare professionals and organisations is what allows the productivity of our research and development efforts to grow each day. Our objective is one and one alone: providing more and more effective treatments to patients.
The relationship with healthcare professionals (HCPs) and healthcare organisations (HCOs) takes on various forms: development of new drugs through clinical studies at hospitals, universities, and public and private health facilities, but also scientific advice, conferences, seminars and CME (Continuing Medical Education) organised by public institutions, scientific research companies and accredited providers.
These relationships, which are regulated by national and international standards, are based on the mutual respect of each other’s roles within a framework of ethical standards subject to stringent audits by third-party bodies.
Transfer of money to healthcare professionals and organisations
Pharmaceutical companies in Italy have made a choice of absolute transparency regarding collaborative relationships and money transactions with healthcare professionals and organisations by unanimously adopting the Farmindustria Code of Ethics and the code of the EFPIA (European Federation of Pharmaceutical Industries and Associations) on transparency.
Starting from January 1, 2015, each pharmaceutical company participating in Farmindustria makes the Transfers of Value made to Healthcare Professionals (HCPs) and Healthcare Organizations (HCOs) public via the company website by June 30 of the following year.
This page provides the data regarding the following transfers of value.
- Expenses incurred annually for research and development (R&D) activities in aggregate form.
- Money transfers to HCPs with reference to:
a) expenses for participation in conferences and congresses with regard to registration fees, travel and hospitality (excluding meals and drinks);
b) expenses for consultancy and professional services resulting from a specific contract.
The data of the HCPs are rendered in individual form in the presence of the release by the Healthcare Professional of the consent to individual publication, otherwise rendered in aggregate form, in compliance with current privacy legislation.
Alfasigma requires HCPs to consent to the publication of data for each initiative.
- Money transfers to HCOs individually, with reference to:
a) donations and contributions (including free loans) both in cash and in kind;
b) direct or indirect financing for congress events;
c) economic transactions relating to professional advice and services resulting from a specific contract.
The publication on the company website takes place in the manner provided by the Guarantor Authority for the protection of personal data, in the matter of unavailability of data through external search engines and the adoption of suitable measures to hinder massive duplication operations.
For the first semester of 2017, the data is in reference to the companies that established Alfasigma (Alfa Wassermann, Sigma-Tau, Biofutura).
Methodological note on accounting aspects
All published figures are recorded in accordance with current VAT regulations. Alfa Wassermann data are exclusive of VAT and based on the cash accounting principle, whereas Alfasigma, Sigma-Tau and Biofutura data are exclusive of VAT and on accrual basis. Foreign currencies have been converted into Euros at the exchange rate on the day of recording.