New Vermont Law Modifies Gift Reporting Requirements for Drug and Medical Device Manufacturers

Vermont passed a new law on May 6, 2011, entitled “An Act Relating to Modifications to the Ban on Gifts by Manufacturers of Prescribed Products” (Act No. 51), which clarifies and modifies the gift ban and reporting requirements for most drug and medical device manufacturers in the state. Since 2009, the state has banned most industry gifts to healthcare providers and also required manufacturers of pharmaceuticals, medical devices and biological products to file an annual report that provides information on the company’s marketing expenditures and identifies a compliance officer.

Click the link below to read the full alert.