The proposed policy follows a finding this year by a U.S. Senate committee that David Polly, MD, an orthopedic surgeon at the university, received $1.2 million from Medtronic for consulting activities.
The current draft of the proposed policy, which would be much more detailed than the university’s current conflict-of-interest policy, would require faculty to include in the reports their consulting agreements and royalty payments for inventions.
An attorney for the university said the new policy must strike the right balance between working with industry and assuring the public that these relationships have integrity and transparency.
The university hopes to have a final draft of the proposed policy within 90 days.
Read the Minneapolis Star Tribune’s report on conflict of interest in research.
