FERRING PHARMACEUTICALS INC.
FERRING PHARMACEUTICALS INC. reported $2.0M in payments to physicians and teaching hospitals across 21,190 transactions in CMS Open Payments PY 2024.
Pharmaceutical payment transparency data for FERRING PHARMACEUTICALS INC.. Ranked #430 of 1,797 companies by total payments. Source: CMS Open Payments, Program Year 2024.
Payment Overview
Total Payments
$2.0M
0.0% of all payments
Transactions
21,190
$92.59 avg
Recipients
21,189
$92.60 avg
Industry Rank
#430
of 1,797 companies
What the Data Shows for FERRING PHARMACEUTICALS INC.
In Program Year 2024, FERRING PHARMACEUTICALS INC. reported $1,962,033.13 in payments to 21,189 physicians and teaching hospitals across 21,190 individual transactions — an average of $92.59 per transaction and $92.60 per recipient. That total places FERRING PHARMACEUTICALS INC. at rank #430 out of 1,797 companies in the CMS Open Payments database, representing 0.0% of all industry payments reported nationwide for the year. Payment volume at this scale is characteristic of manufacturers with broad prescriber engagement, active clinical research programs, or patented therapies generating ongoing royalty obligations.
The payment mix for FERRING PHARMACEUTICALS INC. spans 7 distinct categories defined by CMS — including general payments (consulting, speaker fees, meals, travel), research payments tied to clinical trials, and ownership or investment interests. The largest single category is "Consulting Fee" at $711.8K, accounting for 36.3% of the company's reported total and 177 transactions. This distribution matters because different payment types carry different regulatory and ethical implications: research funding supports clinical development, while general payments like meals and speaker fees have been studied for their correlation with prescribing patterns in peer-reviewed journals such as JAMA Internal Medicine.
Recipient concentration is another useful lens. The top 5 recipients of payments from FERRING PHARMACEUTICALS INC. received $0.00 combined — 0.0% of the company's total — with the remaining 100.0% distributed across the rest of the 21,189 recipients. A relatively distributed top-5 share suggests broader engagement across the prescriber community rather than concentration among a handful of high-value relationships. All figures above are drawn directly from the CMS Open Payments Public Use Files for PY2024 and are disclosed under the Physician Payments Sunshine Act; this page summarizes reported financial transfers and does not represent medical advice or judgment about individual prescribing decisions.
Payment Breakdown by Type
FERRING PHARMACEUTICALS INC. made 7 types of payments. "Consulting Fee" accounts for 36.3%.
36.3% · 177 transactions
26.0% · 19,906 transactions
23.9% · 266 transactions
12.3% · 690 transactions
0.6% · 4 transactions
0.2% · 5 transactions
0.1% · 141 transactions
| Payment Type | Amount | Transactions | % of Total |
|---|---|---|---|
| Consulting Fee | $711.8K | 177 | 36.3% |
| Food and Beverage | $510.7K | 19,906 | 26.0% |
| Compensation for Services Other Than Consulting | $468.6K | 266 | 23.9% |
| Travel and Lodging | $242.2K | 690 | 12.3% |
| Space Rental or Facility Fees | $12.3K | 4 | 0.6% |
| Compensation for Faculty or Speaker (Medical Education) | $3.8K | 5 | 0.2% |
| Education | $2.5K | 141 | 0.1% |
Payment Size Analysis
Average transaction size: $92.59. Average per recipient: $92.60.
Total Amount
$1,962,033.13
Avg per Transaction
$92.59
Avg per Recipient
$92.60
Payment Transparency Context
The Physician Payments Sunshine Act (part of the Affordable Care Act) requires pharmaceutical and medical device manufacturers to report payments and transfers of value to physicians and teaching hospitals. These payments can include consulting fees, research grants, speaker fees, food and beverages, travel, royalties, and other forms of compensation.
Industry Total (2024)
$13.3B
across 1,797 companies
FERRING PHARMACEUTICALS INC. Share
0.0%
#430 by total payments
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Frequently Asked Questions
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Data Source: Centers for Medicare & Medicaid Services (CMS) Open Payments, Program Year 2024. Data includes general payments, research payments, and physician ownership/investment interests as required by the Physician Payments Sunshine Act. Total industry payments: $13.3B across 1,797 companies.
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Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the CMS Open Payments program. Consult a qualified professional before making decisions based on this data.
Read our methodology — how this data is sourced, computed, and verified.
