Anchor Medical Research LLC Conflict of Interest Policy

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Effective Date: 12/5/2024

Last Updated: 12/5/2024

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At Anchor Medical Research LLC ("we," "us," or "our"), we are committed to conducting all research and business activities with the highest level of integrity and transparency. This Conflict of Interest Policy is designed to ensure that personal, financial, or other interests do not compromise the objectivity, ethical standards, or scientific integrity of our clinical research operations.

1. Definition of Conflict of Interest

A conflict of interest occurs when an individual's personal interests, financial interests, or other outside relationships interfere, or appear to interfere, with their ability to make unbiased decisions on behalf of Anchor Medical Research LLC. Such conflicts may arise in various situations, including but not limited to:

  • Financial Interests: Investments, ownership, or other financial relationships with organizations or individuals that may benefit from the research outcomes.
  • Personal Relationships: Close family members or personal relationships with individuals or organizations that could influence decision-making or create a perceived bias.
  • Professional Interests: Affiliations with competing research institutions, organizations, or sponsors.

2. Disclosure of Conflicts of Interest

We require all employees, contractors, consultants, and researchers associated with Anchor Medical Research LLC to disclose any actual, potential, or perceived conflicts of interest. This disclosure process ensures that any relationships or financial interests that may influence research decisions are identified and managed.

  • Annual Disclosure: Individuals involved in research and clinical trials must complete an annual disclosure form outlining any financial, personal, or professional relationships that could present a conflict of interest.
  • Ongoing Disclosure: Any new or emerging conflicts that arise during the course of a study or project must be disclosed immediately.

3. Management and Resolution of Conflicts of Interest

When a conflict of interest is identified, Anchor Medical Research LLC takes steps to manage, mitigate, or eliminate the conflict to protect the integrity of our research. Potential actions include:

  • Disclosure to Relevant Parties: In some cases, conflicts may be disclosed to participants, stakeholders, and/or regulatory bodies to ensure transparency.
  • Recusal from Decision-Making: In cases where an individual’s involvement in a decision may be compromised by a conflict, they may be required to recuse themselves from the decision-making process or specific aspects of the project.
  • Independent Review: An independent committee may be formed to review any identified conflicts and recommend steps to resolve them.
  • Monitoring: Ongoing monitoring may be required to ensure that the conflict is being properly managed.

4. Financial Interests and Research Funding

Anchor Medical Research LLC is committed to disclosing all sources of funding and financial support for clinical trials and research studies to ensure transparency and minimize bias. This includes:

  • Sponsor Disclosures: Any financial relationships with study sponsors, pharmaceutical companies, or other third parties are disclosed to participants, regulators, and relevant stakeholders.
  • Compensation Transparency: Any compensation received by individuals involved in the research (such as principal investigators, researchers, or consultants) is disclosed and managed to avoid undue influence on research outcomes.

5. Participant Protection

In cases where a conflict of interest may impact the welfare of research participants, Anchor Medical Research LLC takes steps to ensure that participant safety and well-being are prioritized:

  • Informed Consent: Participants are informed of any conflicts of interest that may influence the study in a manner that could affect their participation or data.
  • Independent Oversight: Trials may be subject to additional oversight by independent ethics committees or Institutional Review Boards (IRBs) to ensure unbiased conduct.

6. Consequences of Non-Disclosure

Failure to disclose a conflict of interest in accordance with this policy may result in disciplinary action, up to and including termination of employment or termination of the individual’s relationship with Anchor Medical Research LLC. The consequences will be determined on a case-by-case basis, depending on the nature of the conflict and its impact on the integrity of the research.

7. Policy Updates

This Conflict of Interest Policy may be updated periodically to reflect changes in regulations, industry standards, or organizational practices. Any updates will be communicated to employees, contractors, and consultants.

8. Contact Us

If you have any questions about this policy, need to disclose a conflict of interest, or need assistance in managing a potential conflict, please contact us:

Anchor Medical Research LLC
Phone: +1 (786) 384 7005
Email: Hello@anchormedicalresearch.com
Address: 11400 North Kendall Drive, Miami, FL 33176

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