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Mitigating FCPA Risks in Pharma, Med Device Sectors

Jaclyn Jaeger | March 17, 2015

Compliance officers in the pharmaceutical industry have a few new clues to consider from a top voice at the Securities and Exchange Commission about violations of the Foreign Corrupt Practices Act, and how to avoid them.

In remarks at a recent pharmaceutical industry conference, SEC Director of Enforcement Andrew Ceresney described FCPA enforcement in the pharma sector as a high priority. “Our FCPA focus obviously covers many industries,” Ceresney said. “But the pharma industry is one on which we have been particularly focused in recent years.”

Ceresney-andrew-0914FCPA risk is painfully high for pharma and medical device companies, because so much of their business overseas involves working with government-run healthcare systems. “Pharmaceutical representatives have regular contact with doctors, pharmacists, and... To get the full story, subscribe now.