Chinese pharma company bribed Chinese FDA over vaccine approval
Are we importing medications and vaccines from China? Hope not.
https://www.law360.com/whitecollar/articles/941012/chinese-vaccine-co-investors-sue-after-bribery-report
Law360, New York (July 5, 2017, 2:49 PM EDT) -- Chinese biopharmaceutical company Sinovac bribed Chinese officials to further a clinical trial for a vaccine it was developing and then lied to its investors about doing so, causing stocks to plunge when the truth came out, a potential class of investors told a New Jersey federal court Monday.
The investors, led by Shouqi Luo, said CEO Weidong Yin bribed a member of the Chinese Food and Drug Administration to help out the clinical trial and approval of the company's vaccine. Analyst firm GeoInvesting LLC first published...
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