Hello, Novartis. The pharmaceutical giant has just been fined $50 million by the government of South Korea for bribing doctors to prescribe the company’s drugs.
FiercePharma reports: “Last year, prosecutors in the country [Korea] raided Novartis offices to gather documents and account books. South Korean officials later indicted a half-dozen Novartis execs, as well as more than a dozen doctors and five medical journal heads…The Korea Times says the criminal trial is now underway.”
A Novartis spokesperson called the crime “in violation of our policies and inconsistent with our culture…”
Really? There’s more.
FiercePharma continues: “Outside of Korea, Novartis faces separate bribery claims in Greece, where an official earlier this month said ‘thousands’ of people could be implicated.”
“The company faced other allegations in Turkey, which it now considers ‘unsubstantiated,’ and paid $25 million to U.S. authorities last year to settle a bribery investigation in China.”
Sounds like bribery might be central to the culture of Novartis.
You walk into a doctor’s office. He makes a diagnosis and writes out a prescription for a drug. Unknown to you, he’s been paid off to tell you to take the drug…
Read more at jonrappoport.wordpress.com