New: Third Party Meeting Sponsorships
Why do pharmaceutical companies sponsor education?
Pharmaceutical companies support the enhancement of medical knowledge and the quality use of medicines through sponsoring independently organised educational activities. These educational activities are primarily offered by learned societies, colleges, universities and other recognised healthcare professional organisations.
How are these events conducted?
These events are organised independently of the sponsoring pharmaceutical company. Sponsorship is provided by companies to support running the event. In many cases, a single sponsorship amount is provided to the organisers. Pharmaceutical companies must be fully aware of the activities that their sponsorship will support and must be satisfied that they meet the requirements of the Code of Conduct.
The third party organising the meeting should independently determine the educational content, select the speakers and invite the attendees. Pharmaceutical companies should, however, ensure that the educational content of the event is consistent with their responsibilities under the Code of Conduct. The sponsoring company may also propose a speaker or speakers for a meeting they are sponsoring, but the final choice remains the responsibility of the third party organising the event.
The first report of Third Party Meeting Sponsorships covers a seven month period from 1 October 2015 – 30 April 2016. The period covered by these reports is the same as the Payments to Healthcare Professional reports. Hereafter, the reports will be submitted to Medicines Australia every six months, covering the periods May – October and November to April.
Company Reports Summary
Below is a summary of the reports for the period 1 May 2016 – 31 October 2016:
|Number of Companies||34|
|Number of events||1,758|
|Total hours of education supported by sponsorships||14,767|
|Total number of healthcare professionals in attendance||304,262|
|Total expenditure on hospitality specifically sponsored||$1,360,670|
|Total amount of sponsorship provided||$13,333,494|
|Average cost of hospitality per delegate||$4.47|
|Average cost of event per delegate||$43.82|
Member Company Reports are available here