Have Sunshine Laws Left Companies in the Dark?

  Sunshine Laws Stump Compliance Departments

The federal Physician Payment Sunshine Act. State disclosure laws in Vermont and Massachusetts. More disclosure laws in possibly dozens of other states in the near future. It’s enough to make a compliance department throw up its hands and leave the hassle to a third party—which is exactly what many pharma companies are doing now or plan to do in the future, according to a new study conducted by Cegedim Dendrite.

The respondents—56 professionals working in the compliance departments at their respective pharma/biotech/medical device companies—expect that the farming out of this data collection will increase the cost of aggregate spend reporting and compliance over the next year. But most have little choice, as this wave of legislation seems to have caught them with their pants down.

See entire article at PharmExec.

MTC has created several apps that allow pharmaceutical and device companies t...

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Dude, where's my phone?

Hold onto your hats (and phones) folks. This story has so many layers to it. Is this a real iPhone prototype? Would you have tried to find the real owner, or taken the $5,000? Most importantly, isn't all PR good PR?

Gizmodo says official letter from Apple proves the lost iPhone it paid $5,000 to obtain is the real deal. The iPhone 4G prototype -- at least, that's what Gizmodo assumes it is -- was reportedly found by an anonymous bar-goer.

See entire story at InfoWorld....

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The Innovation Index touts Mass. as global R&D leader

This year’s Index of the Massachusetts Innovation Economy was released today, and in it the John Adams Innovation Institute for the first time compares the Bay State not only with other innovating states in the U.S., but with other countries. The result? Massachusetts leads the nation and the globe in patents per capita.

Massachusetts also sits in the top seat among all states and the leading R&D countries for the amount of research and development done as a percent of its gross domestic product, according to the institute, which is part of the Massachusetts Technology Collaborative. As it has for years, Massachusetts also ranks No. 1 in Small Business Innovation Research awards per capita, receiving $227 million in federal SBIR funds for proof-of-concept research and prototype development.

When it comes to fundraising, Massachusetts is holding its own against the rest of the nation. The Index shows that, while the rest of the country saw a 57 percent drop in the dollar amount raised by venture funds, Massachusetts companies saw only a 35 percent drop in the amount of funds distributed to them by VCs.

See entire article at Posted By Rich Kneece.
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Tags: Economy  Massachusetts  Research