The Local Switzerland

US seeks $3.3 billion for Novartis 'kickbacks'

Wed, 01 Jul 2015 17:48:47 +0200

American authorities are seeking up to $3.3 billion in fines from Swiss pharmaceutical giant Novartis on allegations it paid kickbacks to boost drug sales, according to a document AFP consulted on Wednesday.

Japan orders Novartis unit to suspend activities

Fri, 27 Feb 2015 09:50:19 +0100

Japanese health authorities said Friday that they have ordered the local unit of Swiss pharmaceutical giant Novartis to temporarily suspend its operations for failing to report drug side effects.

Novartis faces Japan penalty over drug effects

Wed, 04 Feb 2015 10:09:00 +0100

Japanese health authorities said Wednesday that they will soon make a decision on a possible penalty against the local unit of Swiss pharmaceutical giant Novartis for failing to report drug side effects.

Novartis notches higher profit on strong sales

Tue, 27 Jan 2015 12:59:00 +0100

Swiss pharmaceuticals giant Novartis said on Tuesday that strong sales of new products helped push its net profit up 12 percent in 2014 from the previous year despite harsh competition from cheaper copycat generic drugs.

Novartis to launch psoriasis drug in Japan

Sat, 27 Dec 2014 11:12:00 +0100

Swiss pharmaceutical company Novartis said on Friday it has won approval to market its Cosentyx psoriasis treatment in Japan, making it the first country to authorise commercialisation of the drug.

Nestlé to 'employ' robot clerks in Japan stores

Wed, 29 Oct 2014 13:42:49 +0100

Swiss-based food giant Nestlé says its Japan unit is hiring 1,000 robots as sales clerks at stores across the country.

Japan Novartis unit failed to report 'drug deaths'

Mon, 01 Sep 2014 12:45:00 +0200

The Japanese unit of Swiss pharma giant Novartis has admitted it did not report more than 2,500 cases of serious side effects in patients using its leukaemia and other cancer drugs, reportedly including some fatalities.

Japan charges Novartis unit over falsified data

Tue, 01 Jul 2014 14:29:00 +0200

Japanese prosecutors on Tuesday laid charges against the local unit of Swiss pharmaceutical giant Novartis in a widening scandal over claims that falsified data were used to exaggerate the benefits of a popular blood-pressure drug.

Japan nabs ex-Novartis worker for 'false data'

Wed, 11 Jun 2014 12:28:49 +0200

Prosecutors on Wednesday arrested a former employee of the Japanese unit of Swiss pharmaceutical giant Novartis for allegedly manipulating research data to exaggerate the benefits of a popular blood-pressure drug.

Indian drug rival denies Novartis patent charges

Fri, 04 Apr 2014 17:16:39 +0200

Leading Indian drug company Biocon on Friday rejected allegations by Novartis that it infringed on the Swiss pharmaceutical giant's patent for its blockbuster diabetes drug Galvus.

Top Novartis execs quit in Japan fraud scandal

Thu, 03 Apr 2014 13:49:59 +0200

Swiss pharmaceutical giant Novartis is replacing the top executives at its Japanese unit over allegations the division hid serious potential side effects of leukaemia treatments from regulators.

Japanese raid Novartis offices in criminal probe

Wed, 19 Feb 2014 11:37:07 +0100

Japanese prosecutors on Wednesday raided the offices of the local arm of Swiss pharmaceutical giant Novartis over alleged exaggerated advertising for a popular blood-pressure drug, local media said.

Novartis ads in Japan draw criminal complaint

Thu, 09 Jan 2014 12:52:00 +0100

Japan's health ministry on Thursday filed a criminal complaint against the local arm of Swiss pharmaceutical giant Novartis over alleged exaggerated advertising for a popular blood-pressure drug, the company said.

Japan to file criminal action against Novartis

Wed, 08 Jan 2014 00:21:00 +0100

Japan's health ministry will on Wednesday file a criminal complaint against the local arm of Swiss pharmaceutical giant Novartis over alleged exaggerated advertising for a popular blood-pressure drug, Kyodo News agency reported.

Japan to raid Novartis over 'fake data': reports

Fri, 27 Sep 2013 12:22:00 +0200

Japanese authorities are preparing to raid the local arm of Swiss pharmaceutical giant Novartis over data fabrication claims, reports said on Friday.

Japanese university to retract Novartis study

Wed, 31 Jul 2013 16:32:00 +0200

A Japanese university is to retract a study that touted the effectiveness of a blood pressure drug made by Swiss pharmaceutical giant Novartis because it was based on fabricated data.

Novartis under fire over false Japanese drug data

Fri, 12 Jul 2013 17:01:00 +0200

Test data on a widely used blood pressure drug from Swiss pharmaceutical giant Novartis was very likely fabricated and falsified, Japan's health minister says.

Japanese conductor Ozawa cancels Swiss trip

Thu, 13 Jun 2013 11:30:00 +0200

Acclaimed Japanese conductor Seiji Ozawa has pulled out of a trip to Switzerland that was to mark his return to the podium in Europe after years of poor health, an official told AFP Thursday.

UBS penalized for Japan rate manipulation

Fri, 16 Dec 2011 13:04:00 +0100

Japanese regulators on Friday ordered the local arms of UBS and Citigroup to suspend operations for up to 30 days for allegedly trying to manipulate short-term interest rates for interbank trading.

Swiss help bring music to Japan quake zone

Wed, 10 Aug 2011 18:43:00 +0200

A Swiss-Japanese project said Tuesday that it is building a mobile concert hall which would bring music and performance arts back to earthquake-devastated northern Japan.