Vaccine Maker Sanofi Pharma Fined Millions For Bribery – Vaxxter

Vaccine Maker Sanofi Pharma Fined Millions For Bribery – Vaxxter

The SEC states, “The schemes spanned multiple countries and involved bribe payments to government procurement officials and healthcare providers in order to be awarded tenders and to increase prescriptions of its products. In Kazakhstan, distributors were used as part of a kickback scheme to generate funds from which bribes were paid to officials to ensure that Sanofi was awarded tenders at public institutions. The kickbacks were tracked in internal spreadsheets where they were coded as ‘marzipans.’ In the Middle East, various pay-to-prescribe schemes were used to induce healthcare providers to increase their prescriptions of Sanofi products.”

via Vaccine Maker Sanofi Pharma Fined Millions For Bribery – Vaxxter

Prediction; fines won’t stop this practice. There is way too much money sloshing around for measly fines to stop the corruption and swamp monsters. If a bunch of them went to jail, maybe, but even then, probably not.