|
"The actions which led to this resolution were disappointing, but the openness and speed with which Pfizer voluntarily disclosed and addressed them reflects our true culture," said Amy Schulman, executive vice president and general counsel for Pfizer. The charges against Pfizer were brought under the Foreign Corrupt Practices Act, which bars publicly traded companies from bribing officials in other countries to get or retain business. In the past five years, the Justice Department has investigated a number of pharmaceutical and medical device companies that operate overseas in connection with the law. Last year J&J agreed to pay $70 million to settle civil and criminal charges of bribery brought by the Department of Justice. Industry experts say giving gifts and payments to doctors is not unusual for drug and medical device companies who operate in dozens of countries. Shares of Pfizer Inc. slipped 41 cents to $23.85 in afternoon trading.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor