From our featured sponsor R-Squared - July 2009
On July 1 st , the strictest gift ban in the country took effect, banning most meals, fellowship support, and even donations to free clinics. The law also expands the existing pharmaceutical marketing disclosure law, adding medical device and biologics manufacturers (and wholesale distributors of medical devices) to the types of companies required to track and report certain payments and expenditures to the state on an annual basis (i.e., “aggregate spend compliance”). Compliance requirements are numerous and violations of the laws can carry significant financial penalties.
R-Squared has published a comprehensive, 28-page, Manufacturers Compliance Quick Reference covering the new Vermont Gift Ban and Spending Reporting requirements.
Click here to receive a complimentary copy.
