WASHINGTON, July 2 — Swiss pharmaceutical giant Novartis has agreed to pay more than US$642 million (RM2.75 billion) to settle a lawsuit that accused it of paying kickbacks to doctors, among other allegations, the US Department of Justice said. Part of the settlement was related to the...
Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein October 23, 2017. — Reuters pic
Novartis is accused of having hosted tens of thousands of speaker programmes and events which the Department of Justice said were used to bribe physicians. “For more than a decade, Novartis spent hundreds of millions of dollars on so-called speaker programmes, including speaking fees, exorbitant meals and top-shelf alcohol that were nothing more than bribes to get doctors across the country to prescribe Novartis’ drugs,” said acting US Attorney Audrey Strauss for the Southern District of New York.
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