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Dec 17 (Reuters) - GlaxoSmithKline said on Tuesday it would stop paying doctors to promote its products through speaking engagements and end linking compensation for its sales representatives to the number of prescriptions doctors write.
It also plans to stop payments to healthcare professionals for attendance at medical conferences by the start of 2016.
The move comes amid a major bribery investigation in China, where authorities allege Britain's biggest drugmaker made corrupt payments to doctors and officials to boost its drug sales.
The U.S. Justice Department's probe is focusing on whether GSK and other drugmakers violated the U.S. Foreign Corrupt Practices act, which forbids U.S. companies from engaging in bribery while doing business abroad.
Although GSK is a British company, U.S. law enforcement officials have jurisdiction over it because its shares are listed on a U.S. stock exchange. GSK's American depository receipts trade on the New York Stock Exchange.
Justice Department officials have been investigating GSK's sales practices in other countries for at least three years, according to the company's corporate filings. Expanding the probe to include the China allegations is a routine step, experts said on Friday.
caring more for lining their pockets than the patients themselves
NuclearPaul
And some people think they don't deliberately design their drugs to cause illness so they can increase the sales of their other products.
The last thing these corporations would like to see is a healthy, disease free population...
g146541
reply to post by snarky412
I doubt seriously this applies anywhere but in China.
Not sure if it's only in China or the United States as well, but it's a start
Now if only the other drug companies would follow suit
Thecakeisalie
reply to post by snarky412
It's obviously damage control, GSK would've gone about their merry way if they weren't caught in china, now it's not about bribing the doctors but bribing officials.
It really makes you wonder how deep it goes. In the past I've consulted two doctors about the same symptoms, and they both disagreed with each other not on opinion, but on medication. In the end both medications gave me terrible side effects, They couldn't write a prescription quick enough IMO. And since then I've learned never to take anything unless it's absolutely vital.
The quacks want you sick, it's as simple as that. All the drugs they feed you only compromises your body, leaving you needing medication for an ailment that was caused by medication.
edit on 17-12-2013 by Thecakeisalie because: (no reason given)