Novartis Offices are Raided by Italian Authorities Over Vaccine Pricing "For the second time over the past year, Italian authorities are investigating Novartis NOVN.VX +0.06% over allegations of wrongdoing. In the latest episode, police raided two plants – in Siena and Origgio – in connection with suspected fraud committed against the Italian health ministry. Prosecutors believe Novartis cheated the government out of $3.6 million in 2012 by inflating the price of a component of its flu vaccine, and Francesco Gulli, who heads the Novartis vaccines unit in Italy, is under investigation, Gazetta del Sud, an Italian newspaper. A vaccination campaign to immunize up to 40% of Italy’s 60 million people began in November 2009 after six deaths related to swine flu were reported. The health ministry suspended supplies the following year after the swine flu emergency abated, the paper writes, adding that the probe is connected to yet another investigation involving suspected tax fraud at the drug maker." http://blogs.wsj.com/pharmalot/2014/06/20/novartis-offices-are-raided-by-italian-authorities-over-vaccine-pricing/
This could be trouble for any Novartis Vaccines management employees living and or working in the EU or Italy.
