By the end of the summer, JMU is required to develop and implement a new Financial Conflict of Interest (FCOI) policy to support a directive from the National Institutes of Health (NIH). The requirements of this NIH regulation will cause many changes in this area. On August 25, 2011, the federal Department of Health and Human Services (HHS) enacted new, more stringent rules regarding financial conflicts of interest (FCOI) in research. As implemented, the regulations will substantially impact principal investigators (PIs) on research involving the use of human subjects and sponsored research activities, who have personal financial interests in the sponsor of their research, or in companies, providing other financial support to sponsored projects.
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