China Woes Continue to Haunt GlaxoSmithKline plc
GlaxoSmithKline's (NYSE: GSK) problems in China just won't go away. After being accused of an incredible $428 million bribery campaign to entice sales Glaxo's products the Chinese government accused several employees directly.
There are also claims of wrongdoing in several other countries, bringing GSK's international business into an unfortunate spotlight. And now a formal criminal investigation has begun from Britain's Serious Fraud Office in the big pharma's marketing practices.
In this episode of The Motley Fool's health-care show Market Checkup, analysts David Williamson and Michael Douglass discuss what these allegations mean for the big picture for GlaxoSmithKline and its investors.
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The article China Woes Continue to Haunt GlaxoSmithKline plc originally appeared on Fool.com.David Williamson has no position in any stocks mentioned. Michael Douglass has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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