Examples of Transfer of Value in a sentence
Additional notes for Sponsorships:- “Indirect sponsorship of HCPs through HCOs should be disclosed under payment to HCOs as this is the Recipient of the Transfer of Value.
EFPIA requirementsPursuant to Section 4.01 of the Disclosure Code “ Enforcement through Member Associations - When making a Transfer of Value to an HCP / HCO, and in their written contracts with HCPs / HCOs, Member Companies are encouraged to include provisions relating to the recipients’ consent to disclose Transfers of Value in accordance with the provisions of the EFPIA HCP/HCO Disclosure Code.
Similarly, payments to a clinic, when disclosed on an individual basis, will be disclosed in the name of the clinic.The Code requires that Member Companies will make individual disclosures in the name of the person / legal entity that receives the Transfer of Value (i.e. the Recipient).” EFPIA FAQ Question definitions - 6 confirms that “Under the Code, a self-incorporated HCP (where he/she is the only employee of the corporation) would be considered a HCO”.
On the other hand, Astellas will disclose a Transfer of Value if the HCP incurred the cost of the flight he/she was going to take and was directly reimbursed by Astellas.
Where Astellas makes a Transfer of Value to a HCP indirectly via a HCO, it discloses such transfer only once.