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Τετάρτη 18 Μαΐου 2016

Disclosure D-Day Draws Near In Europe




In line with the European Federation of Pharmaceutical Industries and Associations (EFPIA) Disclosure Code, June will see member companies across Europe required to publish data concerning their 2015 transfer-of-value transactions to healthcare professionals (HCPs). The EFPIA Code has been looming for four years and much of Europe appears to be ready for the imminent deadline. 
 In France and Denmark, for example, disclosure of payments on a central platform is already a legislative requirement: in the UK, the Association of the British Pharmaceutical Industry (ABPI) began disclosing aggregate payments to HCPs in 2014; and in Portugal, US “Sunshine”-type rules took effect in February 2013.

European companies have also had over a year to monitor the US experience of the physician payment program, which went live in September 2014. The Sunshine Act was, of course, tailored to a market with it own particular challenges, but US pharma’s experience of Open Payments has, nonetheless, flagged up some useful pointers, and European companies would do well to take heed. 
US problems concerning consistency of reporting, for example, will likely be amplified across Europe, and the media’s focus on and reaction to some of the data is something for which European life sciences organizations should be prepared.
Code concerns
Ahead of those challenges, however, is the concern that some countries and companies may not be ready for the EFPIA Code to come into force at the end of June. In November last year, results from a pan-European survey on customer data in the life sciences industry by Veeva stated that two-thirds (73%) of companies surveyed said they did not have the data to successfully manage HCP activity across borders, with 66% revealing that their data resided in “multiple systems” that are not yet integrated. 
Speaking to Pharm Exec, Veeva’s Guillaume Roussel explained that companies have been developing their information systems incrementally over time, “just adding new systems on top of older ones,” and this “has created an architecture that is difficult to streamline from a transparency perspective.” However, countering the somewhat alarming findings of his company’s survey, Roussel believes that companies will be ready to meet the EFPIA reporting deadline, as many of them are implementing “temporary solutions.” But, he adds, “The question is, at what cost?” He explains: “Companies are investing tremendous amount of time and resources in order to get to the point of reporting, but this is not sustainable over time.” 
EFPIA’s Communications Director Andrew Powrie-Smith suggests that a survey of the industry’s disclosure efforts published more than six months ahead of the Code deadline might better have asked who will be ready, rather than who is ready. Making an agreeable analogy, he asked attendees at a meeting in early December, “Who is ready for Christmas?” Not too surprisingly, no hands went up; most of the audience simply proffered a slightly nervous chuckle. Powrie-Smith’s point was thus made, although one could argue that leaving a short time to buy gifts, defrost a frozen turkey, and decorate a tree is not really comparable to the pressure of a last-minute completion of all the legal and administrative legwork needed to fulfill the requirements of the Disclosure Code. 
Nevertheless, Powrie-Smith later told Pharm Exec, “We must remember that it’s a requirement that EFPIA companies are ready by a certain date, and companies are taking this requirement seriously. All our companies have been working hard, and that process continues until the end of June.” He does concede, however, that we can expect to see reporting inconsistencies at the “go-live” date: “You’re looking at countries that can be very different in terms of their cultural, socioeconomic and legal frameworks, so you’re going to have variances.” Ironically, Veeva’s Roussel says that adoption of EFPIA guidelines “is actually very consistent across the board—there is no striking difference between north and south, or east and west.”
Indeed, some measure of inconsistent reporting is virtually guaranteed when the European data is published; even the US’s one-language, one-culture market still has a way to go before it has this problem in hand. When the US’s Open Payments system went live in September 2014, “one of the things that was most notable was the inconsistency across companies in how they interpreted things and in how they chose to report them,” notes Christine Bradshaw, Vice President, Porzio Life Sciences, LLC. 
While Bradshaw believes companies were reporting in good faith, the inconsistencies “made it very difficult to look at one company’s information and compare it to another’s, to answer questions such as who’s spending more on research, who’s spending more on commercial, what do the fees look like for consulting agreements, things like that.” This was particularly frustrating, she adds, not just because making the data transparent and accessible for analytics were key among objectives of the Sunshine Act in the first place, but also because of the “exorbitant amount of time and money” companies had spent in getting ready for it.
In Europe, in terms of analysis of the data, Powrie-Smith agrees that “we’re going to see the same thing in the short term.” But, he adds, “that’s one of the benefits of the transparency project as a whole: we get to see at a detailed level what a relationship looks like and understand it better.” 
Of course, a wider public understanding of industry–HCP relationships is one of the overriding social goals of the shift toward transparency. But amid the general lack of understanding among the public at present, we can be certain that new systems of openness will bring a new level of critical scrutiny, at least in the short term. Where pharma has seen many incremental changes in the way that industry and HCPs work together over the last decade, Powrie-Smith points out that the push for full disclosure of transfer of value “is more of a transformational step, a significant change, so inevitably it’s going to put a level of focus on relationships that hasn’t been there in the past.”
He anticipates questions like “what are these payments for, what’s this relationship about, what is an advisory board, why do people speak at meetings?”  But it is the industry’s job, he says, “to explain how those relationships work, what the value is, who benefits, and so everyone can see what those relationships are and have confidence in them.”