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Bristol-Myers Gets SEC Subpoena In Foreign Bribery Probe

By Peter Loftus Of DOW JONES NEWSWIRES Drug maker Bristol-Myers Squibb Co. (BMY) said it has received a subpoena from the U.S. Securities and Exchange Commission as part of an investigation into bribery overseas. Bristol-Myers said the subpoena received in March seeks information related to sales and marketing practices in "various countries." The New York-based company said in a quarterly report filed Thursday with the SEC that it was cooperating with the government. A spokeswoman declined comment beyond the information in Thursday's SEC filing. Bristol-Myers, which sells the anti-clotting drug Plavix, previously disclosed that the SEC was investigating the activities of the company's units in Germany, concerning potential violations of the U.S. Foreign Corrupt Practices Act, or FCPA. U.S. authorities in recent years have stepped up enforcement of the FCPA, which bars U.S. companies from bribing foreign officials to obtain or retain business. Multinational drug and medical-device makers based in the U.S. have been among the targets of enforcement. Last year, Johnson & Johnson (JNJ) agreed to pay nearly $80 million to resolve allegations that it paid bribes to doctors in three European countries, as well as kickbacks to Iraq to illegally obtain business under former leader Saddam Hussein. Other drug makers--including Pfizer Inc. (PFE), Merck & Co. (MRK) and Eli Lilly & Co. (LLY)--also have been the subjects of federal inquiries regarding the FCPA. -By Peter Loftus, Dow Jones Newswires; +1-215-982-5581; peter.loftus@dowjones.com

Stock News for Merck (MRK)
DateTimeHeadline
06/24/201608:00:00Merck to Hold Second-Quarter 2016 Sales and Earnings Conference...
06/22/201611:50:00MARKET SNAPSHOT: U.S. Stocks Try To Extend Gains To 3rd Day Ahead...
06/20/201612:30:00Results of Phase 2 Study of Merck’s Investigational Beta-Lactamase I...
06/17/201613:35:56Annual Report of Employee Stock Plans (11-k)
06/17/201613:34:56Annual Report of Employee Stock Plans (11-k)
06/17/201613:33:19Annual Report of Employee Stock Plans (11-k)
06/16/201617:08:00MARKET SNAPSHOT: Stocks Snap 5-day Losing Streak; Dow Reverses...
06/16/201616:37:00MARKET SNAPSHOT: Stocks Snap 5-day Losing Streak; Dow Reverses...
06/16/201612:44:00MARKET SNAPSHOT: U.S. Stocks Fall As Investors Worry About Brexit...
06/16/201611:09:00MARKET SNAPSHOT: U.S. Stocks Head For 6th Daily Drop Amid Global...
06/16/201610:00:00MARKET SNAPSHOT: Dow Industrials Drop 113 Points As Brexit Fears...
06/16/201608:00:00Systematic Review of 58 Publications of Real-World Use of GARDASIL®...
06/16/201606:45:00Merck’s KEYTRUDA® (pembrolizumab) Demonstrates Superior Progression-Free & O...
06/15/201608:30:00Merck Highlights Ongoing Commitment to Fighting Infectious Diseases...
06/14/201602:00:00New Data From GAP Landmark Trial Confirm GRAZAX® Significantly...
06/13/201611:00:00New Data From GAP Landmark Trial Confirm GRAZAX® Prevents Asthma...
06/13/201610:30:00Merck’s Investigational Insulin Glargine, MK-1293, Met Primary E...
06/11/201611:00:00Merck & Pfizer Announce Two Pivotal Phase 3 Studies for Ertugliflozin...
06/09/201619:07:00Merck to Acquire Biotech Company Afferent -- Update
06/09/201618:50:00Merck to Acquire Biotech Company Afferent

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