Purpose of Review: Many rhinologists are inspired thinkers and come up with ideas that have the potential to create novel technology or devices which are worthy of introduction into the commercial arena. There are many ethical, financial, sociological and academic problems which need to be considered in this complex legal arena.
Recent Findings: Research fraud is now an increasing reality which makes investors and colleagues cynical of initial claims of effectiveness. Doctors are also bound by ethical obligations which do not necessarily apply to others in the medical device and therapeutic industry. Whilst individuals may dream of the “get rich quick” outcome because of their intellectual property, unfortunately, the reality could not be further from the truth.
Summary: In this article, we will attempt to talk through all the various pitfalls that may be encountered and suggest some ways of minimising ethical, psychological, financial and academic pitfalls which may trip up our budding rhinological entrepreneur along the way.
- Controlled clinical trial
- Healthcare fraud
- Innovative therapies
- Investigational treatments
- Medical device