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Two major forms of private sector research organizations have emerged in recent years. Contract research organizations (CROs) and site-management organizations (SMOs) purportedly complete trials quicker and cheaper than academic medical centers do. Mark Barnes & Patrik Florencio, Investigator, IRB and Institutional Financial Conflicts of Interest in Human-Subjects Research: Past, Present and Future, 32 Seton Hall L. Rev. 525, 526-527 (2002). See also Morin et al., supra note 2.
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The restrictions on stem cell research are only one example. See President George W. Bush, Remarks on Stem Cell Research (Aug. 9, 2001), at http://www.whitehouse.gov/news/releases/2001/08/20010809-2.html.
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Scott Y. Kim et al., Potential Research Participants' Views Regarding Researcher and Institutional Financial Conflicts of Interest, 30 J. Med. Ethics 73, 77 (2004) (reporting that 64-87% of respondents felt any conflict of interest should be part of the informed consent requirement while only 2-20% respondents would not consider participating if there was a financial conflict of interest).
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Bethesda, Md.: National Institutes of Health
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(citing The Alcohol, Drug Abuse, and Mental Health Administration. Request for comment on proposed guidelines for policies on conflicts of interest. NIH guide to grants and contracts. Vol. 18. No. 32. Bethesda, Md.: National Institutes of Health, 1989:3-4.)
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M.D., Director Nov. 20
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Bernard Lo et al., Conflict-of-interest Policies for Investigators in Clinical Trials, 343 New Eng, J. of Med. 1616 (2000); McCrary et al., supra note 65.
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