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News Breaks
January 24, 2013
15:19 EDTNVSNovartis says subpoenaed during 2012 over marketing practices
In its 2012 annual report, filed yesterday, Novartis Pharmaceuticals disclosed that during last year it received a subpoena from the United States Attorney’s Office for the Western District of Kentucky requesting the production of documents relating to marketing practices, including remuneration of healthcare providers, in connection with certain NPC products including Tekturna and its combination products. Novartis said it is cooperating with the investigation, which is civil and criminal in nature. Novartis also disclosed that in 2012 it received a civil investigative demand from the USAO for the Southern District of New York requesting information regarding its interactions with specialty pharmacies concerning certain NPC products including Gleevec and Gilenya. NPC again said it is cooperating with the civil investigation. Novartis also said that during the fourth quarter of 2012, it learned that the U.S. government is not pursuing further informed consent issues relating to clinical trials in China related to an investigation that began in 2010. The government continues to investigate marketing practices, including marketing practices concerning Zometa, Novartis said. Additionally, Novartis' Alcon Laboratories unit was notified that the USAO for the Northern District of Texas is conducting an investigation relating to the export of Alcon products to various countries subject to U.S. trade sanctions, including Iran, and received a grand jury subpoena requesting the production of documents for a period beginning in 2005 relating to this investigation, in which Alcon is cooperating.
News For NVS From The Last 14 Days
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May 21, 2013
07:44 EDTNVSSachs Associates to host a forum
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07:24 EDTNVSGlobal Health Care to host a conference
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May 20, 2013
07:29 EDTNVSDeutsche Bank to host a conference
dbAccess Asia Conference 2013 is being held in Singapore on May 20-22.
May 17, 2013
16:20 EDTNVSNovartis drug Afinitor extended time without disease progression in women
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May 16, 2013
08:11 EDTNVSNovartis says no intention of pursuing Actavis, Bloomberg reports
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May 15, 2013
19:37 EDTNVSNovartis weighing Actavis bid, WSJ reports
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18:17 EDTNVSNovartis weighs possible bid for Actavis, DJ reports
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May 10, 2013
05:42 EDTNVSNovartis drug Ilaris approved by FDA
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