Novo Nordisk reprimanded in UK for failure to disclose payments to healthcare sector [Yahoo! Finance Canada]
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Pfizer, Inc. (PFE)
Last pfizer, inc. earnings: 4/28 06:45 am
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Source: Yahoo! Finance Canada
to individuals and organisations in Britain amounting to about 7.8 million pounds ($9.97 million) between 2020 and 2022. The UK industry body Prescription Medicines Code of Practice Authority (PMCPA) said on Friday that the reprimand followed a voluntary submission by Novo about the payments, which related to more than 150 different bodies and included fees and expenses to health professionals and sponsorship and other payments to healthcare organisations. Novo, whose valuation has soared following the success of its diabetes drug Ozempic and weight loss treatment Wegovy, said on Friday that it had made the voluntary admission in 2023 after it found historical payments that had not been disclosed. "These payments are for legitimate activities but had been incorrectly categorised in finance systems as a result of human error," the company said in a statement. ADVERTISEMENT "We accept the PMCPA's decision to rule the relevant breaches of the two Codes of Practice which applied
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PFE
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- PFE's page on the SEC website