Medical Device Bribery

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Medical Equipment Company Will Pay $646 …

https://www.justice.gov/opa/pr/medical-equipment-company-will-pay-646-million-making-illegal-payments-doctors-and-hospitals

Bribery In China: Hospital Purchases Pose A FCPA …

https://www.forbes.com/sites/erikakelton/2021/08/03/bribery-in-china-hospital-purchases-pose-a-fcpa-concern-for-healthcare-companies/

Publicly traded healthcare companies operating in China have a major bribery problem: Over the past five years at least eight US-listed medical device, medical …

Emerging Risk Trends in the Medical Device Industry: …

https://www.kroll.com/en/insights/publications/compliance-risk/emerging-risk-trends-in-the-medical-device-industry

As the pharmaceutical and medical device industries grow at a significant rate, the potential for bribery and corruption allegations increases. The European Union …

Bribes and Backdoor Deals Help Foreign Firms Sell to …

https://www.nytimes.com/2019/06/14/business/china-ge-siemens-bribery-medical-devices.html

Chinese officials five years ago ordered GlaxoSmithKline, the British drug maker, to pay nearly $500 million for bribing doctors and …

SEC Charges Medical Device Company With FCPA …

https://www.sec.gov/news/press-release/2019-48

The Securities and Exchange Commission today announced that Fresenius Medical Care AG & Co KGaA (FMC) has agreed to pay more than $231 million to resolve …

Medical Device Manufacturer Biotronik Inc. Agrees To …

https://www.justice.gov/opa/pr/medical-device-manufacturer-biotronik-inc-agrees-pay-1295-million-settle-allegations-improper

Biotronik Inc. (Biotronik), a medical device manufacturer based in Oregon, has agreed to pay $12.95 million to resolve allegations that it violated the False Claims Act by …

6 Types of Bribery and Why They’re Illegal

https://www.txcrimdefense.com/6-types-of-bribery-why-theyre-illegal/

Bribery is an illegal practice that involves soliciting, offering, receiving, or giving something valuable for the purpose of influencing the action (s) of an official in his or her discharge of legal or public duties. It is …

Fresenius Medical Fined $231M in Bribery Probe - CFO

https://www.cfo.com/risk-compliance/2019/04/fresenius-medical-fined-231m-in-bribery-probe/

German medical device company Fresenius Medical Care has agreed to a $231 million settlement of allegations that it paid nearly $30 million in bribes to …

Medical Device Loans: Transparency is Key to Anti …

https://www.corporatecomplianceinsights.com/medical-device-loans-transparency-is-key-to-anti-corruption/

Medical device firms have long been targets of anti-bribery investigations in China. Many of them have designed and implemented stringent compliance policies to prevent typical corruption conducts such …

A Short Explanation of Medicine and Bribery - Criminal …

https://criminal.laws.com/bribery/medicine-and-bribery

In the medical world, aside from bribes for medical service which are mostly restricted to developing nations, most bribery originates with pharmaceutical companies. Pharmaceutical companies’ primary …

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