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Browse: Home / 2011 / June / 25 / New Rules: For Pharma, ‘Foreign Official’ Is A Bitter Pill

New Rules: For Pharma, ‘Foreign Official’ Is A Bitter Pill

By Securities Docket on June 25, 2011, 7:06 am

If a doctor or a nurse in a state-run hospital can be considered as such — and, according to the Justice Department and the Securities and Exchange Commission, they can — then employees of global pharma companies interact with foreign officials thousands of times each day.

Two recent court rulings have largely reinforced this view, and Johnson & Johnson’s $70 million settlement in April over charges it engaged in a multi-year scheme to bribe doctors and hospital administrators appears to be the opening act in a wide-ranging probe into the industry.

Read more: New Rules: For Pharma, ‘Foreign Official’ Is A Bitter Pill — WSJ Corruption Currents

Posted in Criminal | Tagged FCPA, Foreign officials

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