Any pharmaceutical company or other person, firm, corporation, foundation or other association of persons using inmates to test experimental drugs or to conduct any other medical experiments must deliver to those inmates a written statement explaining the following:
(1) The nature and purpose of any drug being tested or any experiment being performed;
(2) Why the drug is being tested or other experiment performed;
(3) Current research on the drug being tested or on the subject matter of the experiment;
(4) Procedures and restrictions the inmates must observe during the testing; and
(5) All known side effects of any drug being tested.