Pharma giants breach UK industry code of practice

5 July 2024

Novartis (NOVN: VX), Pfizer (NYSE: PFE), Otsuka (TYO: 4578), and Novo Nordisk (NOV: N) have breached the Association of the British Pharmaceutical Industry (ABPI) Code of Practice.

The judgment has been reached by the Prescription Medicines Code of Practice Authority (PMCPA), the self-regulatory body which administers the ABPI code.

The PMCPA said in a statement that the breaches were due to bringing discredit upon and reducing confidence in the pharmaceutical industry.

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