Friday, August 31, 2012

PHARMA FINED FOR PAYING BRIBES TO FOREIGN OFFICIALS

Pfizer Caught Running Global Bribery network.
INTERNATIONAL BUSINESS NEWS
Aug 31,2012
The biggest of the Big Pharmas, Pfizer, has agreed to pay $60 million in fines to the federal government to settle charges the company paid millions of dollars in bribes to foreign officials. The drug maker agreed to pay roughly $45 million to the Securities and Exchange Commission to settle charges that it, along with fellow Big Pharma firm Wyeth - which Pfizer acquired just a few years ago - violated the Foreign Corrupt Practices Act, a variety of reports noted.