The Corporate/Industry Sponsored Clinical Trial Policy Statement has been updated. The policy remains consistent with previous versions, except for a change to the F&A rate. The current required F&A rate of 25% of total direct costs will increase to 26% of total direct costs effective July 1, 2016. The revised policy can be found here: http://gao.fo.uiowa.edu/corporate-and-industry-sponsored-projects-policy-statement-0
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