Jay Yadav, an Indo-American cardiologist was fired by the Cleveland Clinic for failing to disclose the conflict of interest in connection with a device developed by him.// Yadav is the creator of AngioGard, a filter-based device, which is prominently used in carotid stenting procedures. Yadav was affiliated to the Cleveland Clinic since 1998 and was the chairman of the Clinic's Innovations Foundation.
A statement released by the clinic said the institution would not be commenting publicly on "specific situations," but confirmed that Yadav had lost his position there as part of a larger process of refining conflict-of-interest processes, according to Heartwire.
"The board of governors of the Cleveland Clinic today took action not to reappoint Jay Yadav, MD to its medical staff," the statement reads.
"He is no longer at the clinic. As an institution, we will continue to strongly encourage innovation while eliminating and managing conflicts."
A comprehensive exposé in the Cleveland Plain Dealer outlines the events that led to Yadav's dismissal, which centred around his failure to disclose a one percent royalty fee that he has continued to receive from Cordis/Johnson & Johnson (J&J) on sales of AngioGuard devices.
Yadav had originally invented the device and helped establish and owned shares in the company that developed it, AngioGuard Inc, which was sold to J&J in 1999 for approximately $40 million: the one percent royalties were allegedly described as a "deferred payment" in the deal.
Yadav also led the SAPPHIRE trial, comparing coronary stenting to surgery, as well as several other studies examining the use of the AngioGuard device.
As noted by the Plain Dealer, "Yadav didn't fully disclose his conflict in writing in numerous medical-journal articles published after 2000 that discussed the SAPPHIRE trial or prominently mentioned AngioGuard. In many instances, he failed to note his finPage: 1 2 3 4 Related medicine news :1
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