Ethics and conducting business in a compliant way is critical for both large and small companies. The adoption of new anti-bribery laws in a number of countries, increasing enforcement and new pressures coming from socially responsible investors and the general public frame the daily activities of any business. As a result, responsible companies have recognised the need for and value of guarding and promoting their reputation for integrity.
For medical technology companies, interacting with Healthcare Professionals (HCPs) is a key component of their day to day activities. HCPs are an integral part of the R&D process and a source of innovation and creativity during the development of medical devices. HCPs are also the prime users of technologies and play an instrumental role in the successful adoption of innovative medical devices throughout Europe and beyond. Companies are also required to provide HCPs with appropriate instruction, education, training, service and technical support to ensure delivery of modern, safe and effective medical technology and care to patients.
The medical technology industry represented by Eucomed is committed to ensuring that its collaboration with HCPs adheres to the highest ethical and professional standards. These standards are encompassed in the Eucomed Code of Ethical Business Practice, providing guidelines in the following areas:
In the field of ethics and compliance, the role of Eucomed is to support its members by providing guidance on how to conduct their business responsibly. This is achieved by:
The Code is intended to provide the minimum ethical standards and principles for the medical technology industry across Europe. It is designed to supplement, but not replace, any national laws or regulations or other professional or business codes which may apply to Eucomed members. For national codes, please click here.
In March 2010, Eucomed created an independent Compliance Panel to provide guidance on interpretation of the Eucomed Code and ensure consistency of interpretation of nationally applicable codes with the Eucomed Code. Where no national dispute resolution mechanism exists, the Panel may also act as a first and last instance decision-maker where disputes have been raised.
General Counsel - Director Legal & Compliance
T: +32 2 761 22 82