S. Korea FTC Levies $2.74 Million In Fines On Nine Drug Makers
This article was originally published in PharmAsia News
Executive Summary
South Korea's Fair Trade Commission said it would fine nine pharmaceutical companies operating in the country $2.74 million for allegedly illegal payments to hospitals and physicians for prescribing their drugs
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South Korea's Fair Trade Commission said it would fine nine pharmaceutical companies operating in the country $2.74 million for allegedly illegal payments to hospitals and physicians for prescribing their drugs. The heaviest fines were imposed on Pacific Pharma, HanAllBioPharma and Shin Poong Pharmaceutical. An FTC official said the payments, which the agency calls rebates, are still common in the country. The fines were the result of a law enacted in South Korea last November. (Click here for more) "FTC Cracks Down On Drug Rebates" - JoongAng Daily (S. Korea) (5/30/11) |