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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
07/01/201516:36:01Statement of Changes in Beneficial Ownership (4)
07/01/201516:36:01Statement of Changes in Beneficial Ownership (4)
07/01/201516:36:01Statement of Changes in Beneficial Ownership (4)
07/01/201516:36:01Statement of Changes in Beneficial Ownership (4)
07/01/201516:36:01Statement of Changes in Beneficial Ownership (4)
06/29/201509:27:34Merck Regimen to Reduce Nausea Meets Primary Endpoint
06/29/201508:30:00Merck Announces Phase 3 Study of Single-Dose EMEND® (fosaprepitant...
06/29/201508:00:00Sanofi Pasteur and Merck Vaccines Appoint David Khougazian as...
06/26/201508:00:00Merck to Hold Second-Quarter 2015 Sales and Earnings Conference...
06/21/201511:06:03What Is Cancer Immunotherapy?
06/19/201507:58:02Why Bristol-Myers Squibb Co.'s Stock Could Sink
06/18/201516:40:12Annual Report of Employee Stock Plans (11-k)
06/18/201516:37:36Annual Report of Employee Stock Plans (11-k)
06/18/201516:35:51Annual Report of Employee Stock Plans (11-k)
06/17/201517:43:42Inspire Pharmaceuticals Settles Federal Fraud Claims
06/15/201514:50:04EU Approves Merck KGaA $17 Billion Purchase of Sigma-Aldrich
06/15/201510:14:59Is Medicare in Danger from Free Trade?
06/13/201513:16:02Why I'm Shorting Biotech
06/11/201509:00:00Liaison Technologies and Merck Cut the Ribbon for a Collaborative...
06/11/201508:00:00Merck Launches New Program That Encourages Women to "Rule the...

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