Arab Today, arab today china targets germany\s bayer in drug price probe
Last Updated : GMT 12:41:09
Arab Today, arab today
Arab Today, arab today

China targets Germany\'s Bayer in drug price probe

Arab Today, arab today

Arab Today, arab today China targets Germany\'s Bayer in drug price probe

Shanghai - AFP

Chinese authorities have visited an office of German pharmaceutical giant Bayer, the company said Friday, making it the latest target in a probe of foreign drug firms over high prices. One of its offices was visited at the end of last month to investigate a potential case of \"unfair competition\", Bayer HealthCare said in a statement to AFP. China is mounting a sweeping probe into foreign pharmaceutical firms, accusing some of abusing their monopoly positions to boost prices unfairly. Police are also investigating Britain\'s GlaxoSmithKline (GSK) over allegations employees gave bribes to sell its products. Authorities have detained at least four GSK executives in the case, while state media has alleged the firm was responsible and not just individual employees. Bayer said it was visited by officials of a local branch of the State Administration for Industry & Commerce, which handles market supervision and regulation. It did not identify the location. The company said it had strict compliance rules in place and would investigate allegations of violations of its policy by employees. US drugmaker Eli Lilly and France\'s Sanofi have both come under scrutiny after anonymous whistleblowers cited by Chinese state media claimed that employees paid bribes. Eli Lilly said it was investigating, while Sanofi said it was taking the claims \"seriously\". Chinese authorities are investigating other industries over pricing, state media has reported, with the moves sending a chill through the foreign business community in the country.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china targets germany\s bayer in drug price probe Arab Today, arab today china targets germany\s bayer in drug price probe

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china targets germany\s bayer in drug price probe Arab Today, arab today china targets germany\s bayer in drug price probe

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday