Novartis To Pay $25M To Settle International Bribery Claims In SEC Action

(March 25, 2016, 2:24 PM EDT) -- WASHINGTON, D.C. — Pharmaceutical company Novartis AG will pay $25 million to settle claims that it violated provisions of the Foreign Corrupt Practices Act (FCPA) by engaging in “pay-to-prescribe” scheme to increase sales of its products in China, according to a Securities and Exchange Commission administrative proceeding order filed March 23 (In the Matter of Novartis AG, No. 3-17177, SEC)....

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