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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
09/23/201609:41:00Merck's Keytruda Finds Fast Entry Into China Via Medical-Tourism...
09/23/201608:00:00Merck to Hold Third-Quarter 2016 Sales and Earnings Conference...
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09/20/201603:03:00Business Watch -- WSJ
09/19/201611:49:00Sanofi Files Suit Against Merck, Claiming Patent Infringements...
09/19/201608:30:00Sanofi Files Suit Against Merck
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09/19/201602:08:00Sanofi Files U.S. Suit Against Merck on Patent Infringements
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09/13/201622:30:00Obama Administration Makes Last-Ditch Push for Trade Vote
09/13/201609:00:00Merck Publishes 2015/2016 Global Corporate Responsibility Report
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09/12/201608:00:00New Biosimilar can Offer an Effective and Lower Cost Treatment...
09/12/201608:00:00Un nouveau produit biosimilaire peut offrir une option thérapeutique...
09/09/201608:00:00Merck to Participate at the Morgan Stanley Global Healthcare...
09/08/201603:04:00Business Watch -- WSJ
09/07/201614:42:00FDA to Review Merck Drug as First-Line Treatment for Lung Cancer
09/07/201608:50:00FDA to Review Merck's Keytruda as First-Line Treatment for Lung...
09/07/201606:45:00FDA Accepts Supplemental Biologics License Application, Assigns...
09/02/201609:42:00U.S. Hot Stocks: Hot Stocks to Watch

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