Forbes recently published an interesting article titled "Is Big Pharma Addicted To Fraud?" Author Erika Kelton discussed the fraudulent ways pharmaceutical companies, such as GlaxoSmithKline, sell their products, including using bribery, falsified research and illegal marketing tactics.
Glaxo, a pharmaceutical company that manufactures a number of drugs, including type 2 diabetes drug Avandia, has been accused of fraud on numerous occasions by multiple governments. Most recently, Chinese authorities investigated the company for allegedly using a Shanghai travel agency to funnel bribes. The company has also been under scrutiny for:
- Improperly conducting research at its Shanghai development center
- Marketing prescription drugs for unapproved treatments
- Providing kickbacks to companies and individuals who promote Glaxo's sales