Event: In 2016 AstraZeneca Paid $6 in Fines After Fake Conferences to Bribe Docs.
Name: AstraZeneca, Fake Conferences, Bribe Doctors.
Location: United States of America, Earth.
News Link: standard.co.uk - 8.31.2016.
An old news article from 2016 to connect some dots with todays news.
AstraZeneca takes $6m hit after 'faking conferences' to bribe doctors
AstraZeneca today coughed up $5.5 million (£4.2 million) to settle a highly embarrassing foreign bribery probe, amid claims that the British pharma giant faked conferences and offered gifts to local doctors in Russia and China who bought its drugs.
Britain’s number two drugmaker — one of the biggest international pharma firms in China, with 45,000 staff — falsely recorded improper payments in China and Russia as bona fide business expenses, the US Securities and Exchange Commission said. Some bribery allegations go back as far as 2005, with AstraZeneca said to have made “improper payments of gifts, conference support, travel, cash and other benefits” mainly to Chinese and Russian state medical workers “to reward or influence” their purchases of its drugs.
Source: standard.co.uk - 8.31.2016.