Conflict of Interest

BioVentures’ Conflict of Interest Policy. Revised October 16, 2009.

The fundamental values of BioVentures include the highest standards of research integrity and objectivity. Â Thus, no conflict of interest on the part of academic staff members can be permitted to influence the design, conduct, or reporting of research.

A conflict of interest is defined as a divergence of interests away from professional obligations to the Institution or to external sponsors of research or other activities toward an individual’s private or personal interests. Under these conditions, an unbiased observer would find it difficult to determine whether the individual’s professional actions or deeds are determined by personal considerations of gain, financial or otherwise not in the best interest of the Institution and sponsor.

Appropriate transfer of technology can make the results of research more quickly available for the good of the public and can assist the State in commercial development and expansion of its economic base. Accordingly, efforts to commercialize or otherwise make quickly and widely available the results of new knowledge are encouraged.

In particular, a conflict of interest exists in, but is not limited to, situations where a Significant Financial Interest could directly and significantly affect the design, conduct, or reporting of research.