The Chinese government’s actions against foreign drug makers emerged like a late-summer Beijing storm: heavy drops slapping slowly at first, then all at once becoming a disorienting deluge, pounding down in every direction.
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The turmoil began on July 2, 2013, with an announcement from the National Development and Reform Commission (NDRC), the People’s Republic of China’s top economic planner, that it would examine 27 drug manufacturers for issues related to costs and 33 for issues related to pricing. On July 15, China’s Ministry of Public Security said it had detained four senior executives from British drug maker GlaxoSmithKline (GSK) for bribing doctors and hospital officials using $489 million in fraudulent transactions funneled through travel agencies. Then, one after another, in the Guangzhou-based newspaper 21st Century Business Herald, a series of whistleblower bribery allegations rained down on Paris-based drug maker Sanofi, Swiss pharmaceutical company Novartis, and Indianapolis, Indiana-based Eli Lilly & Co.
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Comments
Surprising surprises?
Not at all: as far as I remember - I'm now 63 - drug companies have always been in the center of turmoils for briberies and prices. It doesn't matter what Country they have their HQ's in, their DNA is always the same, and they can be easily spotted by any Government, if the Government only wants to. It has only to be regretted that a very ethical matter such as health and its tools, that is medicines, is in the hands ov very unscrupulous humans.
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