GSK Inflated Drug Prices To Cover Bribery Costs
This article was originally published in PharmAsia News
Executive Summary
A box of lamivudine (Epivir) from GSK sold at RMB 142 ($23.04) in China, but at RMB 18 in South Korea and less than RMB 26 in Canada, according to sources.
A box of lamivudine (Epivir) from GSK sold at RMB 142 ($23.04) in China, but at RMB 18 in South Korea and less than RMB 26 in Canada, according to sources. GSK was alleged by prosecutors to avoid taxes by transferring costs overseas and use the earnings in part to bribe physicians with cash, sponsorship of traveling or academic conferences, and donations. (Click Here For More - Chinese Language
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“Bribery Costs Up To 30% Of Drug Prices; How Outrageous GSK Drug Prices are In China?” - health.people.com.cn (5/15/2014)