Can Doctors Be Objective when They Own Stock in Medical Products?

Medical Malpractice

In addition to the problem that the Food and Drug Administration maintains ties too close to drug manufacturers, there is the additional danger that doctors, who are often big investors in drug and medical device technology, will be swayed more by their financial ties than what is good for patients.

A recent example of this particularly corrupt form of medical malpractice is the spinal replacement disk, Prodisc, which was approved for use in treating people with spinal injuries in August 2006. Doctors from about half of the research centers that conducted studies on the disk had financial ties to the disk, a fact that Synthes Spine Co, the disk’s manufacturer, did not disclose when it submitted the studies that were used to approve the disk. In addition, it seems that an unusually large number of patients were not included in the study’s results, and many of the patients whose results were not included had poor results from the disk. One of these patients, who sued her doctor, receiving a settlement for an undisclosed amount last year, said the surgeon “seemed more concerned with the prospects for the Prodisc” than for her recovery.

The job of doctors is to try and improve the lives of their patients, not profiteer off your misery. If you believe a doctor is using the sickness of you or a loved one to enrich him- or herself, contact today to get in touch with an experienced medical malpractice attorney in your area.