Another day another Novartis' office raided by authorities

Discussion in 'Novartis' started by Anonymous, Jun 23, 2014 at 4:18 PM.

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  1. Anonymous

    Anonymous Guest

    Novartis Offices are Raided by Italian Authorities Over Vaccine Pricing -
     

  2. Anonymous

    Anonymous Guest

    Yep! The General Manager is officially under investigation by Italian authorities.
     
  3. Anonymous

    Anonymous Guest

    It will be easy for the Italian authorities to get their hands on many of the current and former leaders. Even though the Vaccines division corp hq is in the US, it's Pres is Swiss and only commutes to the US. The former head of its US Commercial and then Development division now works for a division of Sandoz based in Berlin. The EU has laws the govern intergovernmental cooperation so it would be a good guess that inter EU search and arrest warrants are forth coming.
     
  4. Anonymous

    Anonymous Guest

    Vaccines is a US Division but Pres and CEO lives in Europe.
     
  5. Anonymous

    Anonymous Guest

    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/