MOSCOW, July 5 (Reuters) - Russian police on Tuesday searched the offices of four pharmaceutical companies in Moscow, including Swiss drug maker Novartis AG and Israel-based Teva .
The website of business daily Vedomosti quoted a police source as saying the searches were carried out as part of an investigation into an alleged carve-up of the market for supplying the state healthcare system with essential drugs by major distributors.
The government runs a system of subsidised purchases of drugs for low-income citizens. An investigation into the system showed that the bulk of state supply contracts worth over $2 billion went to six distribution firms in 2006-08.
A Novartis spokeswoman in Moscow confirmed the search took place and said the company was cooperating with the police. She declined to explain the substance of the investigation.
No one at Teva's offices in Moscow was available for comment.
Wednesday, July 06, 2011
Emerging Markets! Russian police search Novartis, Teva offices | Reuters
via reuters.com
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