Drug company money on rise for clinics
ST. PAUL — The University of Minnesota and the Mayo Clinic each collected more in drug company payments than any individual doctor in the state.
Data from annual reports to the Minnesota Board of Pharmacy show the two institutions received about $650,000 between them in 2010, according to Associated Press reports.
Institutions in the state last year received about 10 percent of the $9.8 million in payments reported by drug companies.
The university and Mayo Clinic use the money for research projects as well as fellowships for advanced training to physicians and pharmacists.
According to pharmacy board data, both institutions have seen a steady increase in payments the past five years. Officials at both research centers said they weren't aware of the trend.