Thursday, August 8, 2013

Reuters: Regulatory News: Lundbeck says China unit visited by authorities in wider probe

Reuters: Regulatory News
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Lundbeck says China unit visited by authorities in wider probe
Aug 8th 2013, 10:37

COPENHAGEN | Thu Aug 8, 2013 6:37am EDT

COPENHAGEN Aug 8 (Reuters) - Danish pharmaceutical group Lundbeck said authorities in China visited the company's subsidiary in Beijing over the summer, as part of a wider sector probe.

"We have also been contacted by the authorities over the summer as part of this wider investigation," a Lundbeck spokesman told Reuters.

"They have contacted us and asked for different types of information regarding our marketing practices," he said, adding the company was fully co-operating and had no reason to believe it had done anything wrong.

China is widening its investigations into bribery and over-pricing, which have so far centred on Britain's GlaxoSmithKline Plc.

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