The Medicines New Zealand and New Zealand Medical Association (NZMA) Joint Transparency Initiative became effective on 1 January 2021. This initiative aims to promote public confidence in the biopharmaceutical industry through increasing transparency around the interactions between Healthcare Professionals and companies from the innovative medicines sector.

The cornerstone of the Transparency Initiative are the voluntary Guidelines For Disclosure Of Transfers Of Value From Pharmaceutical Companies To Healthcare Professionals which were developed by a joint Working Group composed of representatives from Medicines New Zealand’s Member Companies and the NZMA.