Monday, October 29, 2012

Analysis: U.S. foreign bribery penalties for drugmakers may lack bite

People walk past the Pfizer World headquarters in New YorkNEW YORK (Reuters) - Global drugmakers are paying tens of millions of dollars to settle U.S. allegations that they bribed their way across emerging markets, but harsher penalties may be needed to deter the practice in untapped regions where billions are at stake. Federal authorities have cast a wide net to weed out suspected gift-giving and kickbacks to foreign doctors and government officials to gain a foothold in burgeoning new markets in Asia, Eastern Europe and Latin America. ...


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