Cancer Center Limits Relationships with For-Profit Companies

Corps breaks ground on phase 2 of Fort Stewart hospital expansion” by U.S. Army Corps of Engineers Savannah District licensed under CC BY 2.0

Source: New York Times

The vice president of a cancer center is facing intense criticism as the organization re-examines its deals with for-profit companies.

Vice President of the Memorial Sloan Kettering Cancer Center Dr. Gregory Raskin must pay the hospital nearly $1.4 million after profiting from stock options.

The cancer center start-up went public about a week ago,  but officials at Memorial Sloan Kettering stated policies would be changed so that all proceeds would solely benefit the hospital and research.

In a released statement, the Manhattan-based center announced greater restrictions of employee interactions with for-profit companies.

Memorial Sloan Kettering currently specializes in experimental cancer treatments for children.

Read Full Story: New York Times

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