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Pharmaceutical Industry Latest News: China Blocks GSK Finance Head From Leaving Country

Wochit 0:53 mins

A spokesman for the drugmaker company GlaxoSmithKline said, Beijing is preventing the company's head of finance for China from leaving the country, as police accuse the British drugmaker of bribing officials and doctors, Abbott Laboratories reported better-than-expected second-quarter earnings as strong demand for nutritional products offset lower sales of medical devices and generic prescription drugs. Chinese police accused British drugmaker GlaxoSmithKline of channelling bribes to Chinese officials and doctors through travel agencies for six years to illegally boost sales and to raise the price of its medicines in the country.

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