Science is, well, a businesss. And those faculty who toil in the vineyards of academic research are no strangers to that business side.
In THE WALL STREET JOURNAL, Jacob Goldstein reports that 53% of them had financial ties to the drug and device industry. [Jones Day partner Mark Herrmann has a useful blog on legal matters in that industry.] Goldstein got his information from the 2006-07 survey that was published in HEALTH AFFAIRS this week.
Those ties included consulting work, paid speaking engagements, and research funding. The percentage of those receiving funding for research is down from what was reported in 1995. It's now 20% versus 28% back then. The causes, notes Goldstein, could be in the increase in NIH research funding and the greater scrutiny of ties of university faculty with industry.
For some purists, any tie is too close of a tie between research and commerce.