General's Prosecutor Office inspects Russian business of Abbott

16 March 2015

The Russian General's Prosecutor Office has issued a warning to a local firm Veropharm, one of Russia’s leading drugmakers, (which was recently acquired by the USA’s Abbott Laboratories [NYSE: ABT]; The Pharma Letter February 9) about the permissibility of compliance with any anti-Russian sanctions, reports The Pharma Letter's local correspondent.

Several weeks ago, Abbott had demanded that Veropharm stops contacts with persons included in the sanctions’ lists of the USA and the European Union, which caused criticism from the Russian government.

According to an official spokesperson of the Russian Prosecutor Office, the imposition of such requirements by Abbott to the management and workers of Veropharm may lead to their discrimination and will be a violation of the Russian legislation.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Generics