Financial Conflict of Interest Regulations
Aeon Imaging receives research and development funding from Small Business Innovation Research (SBIR) grants awarded by the National Institutes of Health (NIH). As such, it is subject to the 2011 Revised Regulations of the Responsibility of Applicants for Promoting Objectivity in Research for which PHS Funding is Sought (42 CFR Part 50 Subpart F)
The 2011 Revised Regulations promote objectivity in research by establishing standards that provide a reasonable expectation that the design, conduct, and reporting of research performed under NIH grants or cooperative agreements will be free from bias resulting from Investigator financial conflicts of interest.
Aeon Imaging’s policy on Financial Conflict of Interest (FCOI) is to report all financial conflicts of interest that meet the 2011 Revised Regulations definition of a “Significant Financial Interest” to the NIH. New FCOIs are reported within 30 days of discovery of a new significant financial interest. The FCOIs of all investigators are reviewed prior to submission of NIH-funded research applications, and are reviewed annually, or as stipulated by the terms of an NIH grant award. Every member of the Aeon Imaging team who is an investigator on a NIH-funded research grant is made aware of the FCOI regulations and is required to sign a form indicating whether or not a significant financial interest exists. Every investigator with a significant financial interest is subject to a FCOI management plan, which discloses the investigator’s role, the financial interest, the conditions designed to safeguard objectivity in research, and how the management plan will be monitored to ensure compliance. FCOI management plans are filed with the NIH at the time of the disclosure.
Aeon Imaging was named the 2010 Innovative Business of the Year by the South Central Small Business Development Center and inVenture.