Novartis Accused of Paying Kickbacks for Exjade Sales

A Novartis AG (NOVN) unit was accused by the U.S. and a group of states of paying kickbacks to a specialty pharmacy to boost sales of Exjade, an iron-control drug that can cause kidney and liver failure. More on Bloomberg. Novartis is a Global Compact participant since 2000/07/26 and is considered as one of the organization's Founding Fathers. Novartis was a LEAD contributor (USD $65,000 +) to the Foundation of the Global Compact in 2013 and 2012, and a USD 10,000 contributor in 2010. In 2009, Novartis International AG signed the UN Global Compact's CEO Letter against Corruption!

Novartis dragged into China bribery scandal

Swiss drug maker Novartis has become the third Western pharmaceuticals company to be accused of bribery in China, after a newspaper published allegations against the firm. More on the Telegraph. Novartis is a Global Compact participant since 2000/07/26 and is considered as one of the organization's Founding Fathers. Novartis was a LEAD contributor (USD $65,000 +) to the Foundation of the Global Compact in 2012, and a USD 10,000 contributor in 2010.

US sues pharmaceutical firm Novartis in NY, accusing it of prescription drugs kickback scheme

The U.S. government sued Novartis Pharmaceuticals Corp. Tuesday, claiming it gave kickbacks to pharmacies to switch kidney transplant patients from competitors’ drugs to its own. More on the Washington Post. Novartis International AG (NOVN:SIX Swiss Ex)(NVS:New York) is a Global Compact participant and "Founding Father" since 2000/07/26. Novartis was a LEAD contributor (USD $65,000 +) to the Foundation of the Global Compact in 2012, and USD 10,000 contributor in 2010.