China Widens Drug Industry Probe, Visits Belgium's UCB, Inc. (UCBJF.PK)
7/19/2013 7:07:25 AM
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Belgian drugmaker UCB has been visited by Chinese authorities as the country widens investigations into bribery by drugmakers, following allegations against Britain's GlaxoSmithKline. A spokesman for UCB said on Thursday that officials were also investigating other drug companies with operations in the country, although he did not identify them. A number of international firms - including Novartis, Roche, Johnson & Johnson and AstraZeneca - denied any knowledge of being investigated following the UCB news.
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