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Novartis settles Chinese bribery charges with $25M payment

2016-03-24 06:11:32| Biotech - Topix.net

The SEC says Novartis has settled civil charges of committing bribery in China and agreed to pay $25M to the government. Violations happened from 2009 to 2013, the SEC says; Novartis' settlement means that it doesn't admit or deny the charges, and it says the allegations largely predate compliance measures that are now in place.

Tags: chinese payment charges 25m

Category:Biotechnology and Pharmaceuticals

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