EFPIA Disclosure Code

The EFPIA Disclosure Code was adopted, which required that its Member Associations adopt transparency provisions into their own national codes by December 21, 2013. The EFPIA Disclosure Code establishes guidelines for EFPIA members to disclose certain Transfers of Value made to healthcare professionals and healthcare organizations. Examples of transactions disclosed include a grant to an HCO or a consultancy fee for an HCP speaking engagement.

As a member company of EFPIA we fully support the EFPIA Code on Disclosure of Transfers of Value from Pharmaceutical Companies to Healthcare Professionals and Healthcare Organizations and have begun disclosing payments to European-based health care professionals and health care organizations in 2016 in alignment with the disclosure code. We hope that it will serve to create a better understanding of, and ultimately build trust in, the validity of industry interactions with the medical profession.

EFPIA Disclosure Code Frequently Asked Questions:

What are the specifics of the EFPIA Disclosure Code?

In accordance with the EFPIA Code of 2019, BMS must collect, store, and disclose certain payments and transfers of value (TOV) made directly or indirectly to either HCPs or to HCOs. This has to be carried out in full compliance with local and European data protection laws and regulations where applicable.
First disclosures were made in 2016 reflecting information about payments and TOV made in the 2015 calendar year.
Disclosure of payments and TOV is required on an annual basis. BMS is committed to protecting Recipients personal data and will disclose payments and TOV made to Recipients only with their prior consent.

What payments and transfers of value will be disclosed relating to healthcare professionals and healthcare organizations?

Healthcare Professional (HCP)	Healthcare Organization (HCO)
Registration fees Travel Accommodation Fees for Service and Consultancy Fees for Service and Consultancy	Contribution to cost of events Sponsorship agreements Registration fees Travel Accommodation Fees for Service and Consultancy Donations and Grants

Why the need for a Disclosure Code?

Increasingly, the public wants to know that relationships between the pharmaceutical industry, HCPs, and HCOs do not inappropriately influence clinical decisions and that they can trust their HCP to recommend, administer, or purchase appropriate care and treatments based only on clinical evidence and experience.

The hope is that the Code will help patients and other interested groups better understand the legitimate relationship between the pharmaceutical industry, HCPs, and HCOs and that this will subsequently strengthen the working relationships.

For additional frequently asked questions on the EFPIA Disclosure Code

Please visit https://www.efpia.eu/media/580613/disclosure-qa.pdf

Luxembourg Code of Conduct:

Why We Work with Healthcare Professionals:

Why We Disclose Payments to Healthcare Professionals:

Methodologies on What We Are Disclosing:

EFPIA Disclosure Report:

If you have a question about transactions reported by Bristol Myers Squibb, email your inquiries to: mg-transparency_bms@bms.com