Novartis Draws U.S. Investigation Into Sales to Iran
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Novartis AG, Europe’s biggest drugmaker by sales, said its Alcon eye-care unit is under U.S. government investigation related to the export of products to Iran and other countries subject to trade sanctions.
Alcon was notified last year that the U.S. Attorney’s office for the Northern District of Texas is conducting an investigation into its sales, Novartis said in a regulatory filing today. The unit, run from Fort Worth, Texas, received a grand jury subpoena for documents dating back to 2005.