• A biology professor is paid $20,000 a year to participate in the scientific advisory board of a for-profit biotech company that operates in areas related to the professor’s University Responsibilities; the professor’s duties on the board are to advise on scientific directions that the company might explore and/or to react to specific ideas the company has for new products or directions.
• A computer science professor whose research is focused on computer security owns 3% of the stock of a private company that also works to develop computer security tools. Investigators must report any ownership interest in a private company.
• A radiologist’s spouse inherited stock in a company which manufactures imaging equipment which is valued at $175,000 but amounts to less than one percentage (1%) of ownership in the company. Although the stock amounts to less than five percent (5%) of ownership interest in the company, the value of the stock exceeds the $5,000 disclosure threshold and must be reported. Also, Significant Financial Interests of an Investigators’ Family Members are aggregated with those of the Investigator.
• An optometry professor receives $6,000 in consulting income from a contact lens company that is providing sponsored research funds for the professor to test a new lens in the University. The consulting income must be disclosed because it is related to the professor’s University Responsibilities and is over the $5,000 reporting threshold.
• An endocrinology professor serves on a scientific advisory board for a pharmaceutical company and was paid $3,000 in the past twelve months. The endocrinologists spouse is a dental professor and was paid $2,500 in the past twelve months for consulting work for the same company. Although neither reaches the $5,000 threshold alone, the outside interests of Family Members are aggregated therefore both the endocrinology professor and the dental professor must disclose their outside interest and that of their spouse as it exceeds the $5,0000 threshold when aggregated.
• A chemistry professor receives $3,000 per year in consulting fees from a fertilizer company. The fertilizer company also pays for the chemistry professor to attend a five day conference in Nice, Italy which discusses innovations in chemical fertilizers. The trip has an estimated value of $2,500. The travel, when combined with the consulting fees results in a significant financial interest that must be reported.
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