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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
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25m
Category:Biotechnology and Pharmaceuticals
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