On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
49° Feels Like: 49°
Wind: WNW 0 mph Past 24 hrs - Precip: 0.06”
Current Radar for Zip

Tonight

Foggy 45°

Tomorrow

AM Fog/PM Sun 63°

Wed Night

Clear 45°

Alerts

GSK stops using travel agencies accused in Chinese probe

A Chinese national flag flutters in front of a GlaxoSmithKline (GSK) office building in Shanghai in this July 12, 2013 file photo. REUTERS/A
A Chinese national flag flutters in front of a GlaxoSmithKline (GSK) office building in Shanghai in this July 12, 2013 file photo. REUTERS/A

LONDON (Reuters) - British drugmaker GlaxoSmithKline said on Monday it had stopped using all travel agencies which have been accused by the Chinese police of channeling bribes to illegally boost sales and inflate the price of its medicines in the country.

Chinese police had said earlier in the day that four senior Chinese executives from the firm had been detained as part of the probe.

"GSK shares the desire of the Chinese authorities to root out corruption," it said in a statement. "These allegations are shameful and we regret this has occurred. We are taking a number of immediate actions.

"We are reviewing all third party agency relationships. We have put an immediate stop on the use of travel agencies that have been identified so far in this investigation and we are conducting a thorough review of all historic transactions related to travel agency use."

(Reporting by Kate Holton; Editing by Mark Potter)

Comments