Belgium's drugmaker UCB was involved in China’s drug industry probe
Angie Zhao | | Jul 19, 2013 05:02 PM EDT |
(Photo : UCB)
July 19th, according to Reuters, Chinese authorities have visited the office of Belgian drugmaker UCB. It indicates that China has widened its investigation into bribery in the pharmaceutical sector, following the scandal of British drugmaker GlaxoSmithKline.
Like Us on Facebook
Chinese police have accused GSK of bribing Chinese officials and doctors to promote sales, at the same time, raise the price of its drugs. China wants to show its hard line against malpractice by multinationals operating in the country.
A spokesman from UCB said: "China's State Administration For Industry and Commerce has visited us. They've been launching inspections with several pharma companies active in the country, both Chinese and foreign companies such as ours, and as part of the process our Shanghai office was visited by the agency in the last 48 hours."
The spokesman added that the officials visiting UCB's office were from the State Administration for Industry and Commerce and were seeking information on compliance.
China's State Administration For Industry and Commerce is one of China's main three antitrust regulators in charge of market supervision. The investigations of the agency usually overlap with that in China's National Development and Reform Commission, and the latter was examining prices charged by 60 local and international drugmakers including units of GSK, Merck & Co, and Astellas Pharma following allegations.
UCB is short for Union Chimique Belge. It is a multinational biopharmaceutical manufacturing company headquartered in Brussels, Belgium. UCB was founded on January 18th, 1928 by Emmanuel Janssen, a Belgian businessman. So far, the company has developed many notable drugs such as Atarax, Nootropli and Zyrtec.
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?