ARTICLE
22 March 2017

New Regulations Reshape Transparency-Related Obligations In France, Could Impact Life Sciences Companies

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Reed Smith (Worldwide)
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Reed Smith is a dynamic international law firm helping clients move their businesses forward. By delivering smart, creative legal services, we enrich clients' experiences with us and support achievement of their business goals. Our longstanding relationships and collaborative structure enable the speedy resolution of complex disputes, transactions, and regulatory matters.
In France, transparency requirements are regulated by two main sets of laws: "The French Anti-Gift Law" . . .
France Food, Drugs, Healthcare, Life Sciences
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In France, transparency requirements are regulated by two main sets of laws: "The French Anti-Gift Law" regulates the provision of gifts, discounts and other incentives to health care providers by life sciences companies, while "the French Sunshine Act" imposes disclosure obligations on companies relating to benefits granted to, and agreements concluded with, health care providers.

While the French Sunshine Act has been frequently amended to reflect subsequent changes brought by implementing decrees, orders, and circulars, the Anti-Gift Law has been less subject to change, at least until now.

The recently-adopted Ordinance No. 2017-49 aims to extend the scope of the Anti-Gift Law, modify transparency procedures, and double fines for non-compliance, all of which could significantly affect life sciences companies,

For a detailed look at these changes and discussion of their impact, please read our client alert, " France: Again the life science industry will have to take a close look at a new set of regulations reshaping transparency-related obligations."

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ARTICLE
22 March 2017

New Regulations Reshape Transparency-Related Obligations In France, Could Impact Life Sciences Companies

France Food, Drugs, Healthcare, Life Sciences
Contributor
Reed Smith (Worldwide) logo
Reed Smith is a dynamic international law firm helping clients move their businesses forward. By delivering smart, creative legal services, we enrich clients' experiences with us and support achievement of their business goals. Our longstanding relationships and collaborative structure enable the speedy resolution of complex disputes, transactions, and regulatory matters.
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