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Novartis AG (NVS) to Probe India Drug Approval Allegations



5/10/2012 7:11:22 AM

Swiss drugmaker Novartis said on Thursday it would investigate alleged drug approval irregularities in India after a parliamentary report found the country's regulator colluded with pharmaceutical firms to speed up approval procedures. "We will investigate the allegations presented in the government's report," Novartis said in a statement. The parliamentary committee reviewed 39 randomly selected drugs approved by the Central Drugs Standard Control Organization (CDSCO).

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