 | Board of Visitors minutes October 5, 2000 |  |
CONFLICT OF INTEREST EXEMPTION: RESPIRATORY RESEARCH, INC.
The following resolution was adopted:
WHEREAS, the School of Medicine wishes to enter into a contract with Respiratory Research, Inc., to purchase a device to assist researchers in the development of technology and medications for the treatment of asthma and tuberculosis; and
WHEREAS, Benjamin Gaston, M.D., and John Hunt, M.D., have disclosed in advance their equity interests of 9.4 and 43.4 percent, respectively, in Respiratory Research, Inc.; and
WHEREAS, the University's entry into a contract with Respiratory Research, Inc., would thereby expose Drs. Gaston and Hunt to violation of the Virginia Conflicts of Interest Act unless approved by the Board as permitted by §2.1-639.6(c) (7) of the Code of Virginia;
RESOLVED that the conflict of interest of Benjamin Gaston, M.D., and John Hunt, M.D., is approved by the Board of Visitors in order to permit the University to enter an agreement with Respiratory Research, Inc., to purchase a device to be used for the development of technology for the treatment of asthma; provided, as required by the Virginia Conflict of Interests Act, the faculty file the required annual disclosure statement of personal interests in Respiratory Research, Inc., the University files the required annual report concerning the contact with the Secretary of the Commonwealth, and the relevant department chair vigilantly oversees application of University resources in the best interests of the University and in accordance with policy.
| Board of Visitors minutes October 5, 2000 | |