Glaxo, Danone Probed as China Raises Scrutiny of Foreign Firms
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China’s probes of GlaxoSmithKline Plc and Danone highlight challenges for foreign companies in a market where they may be a bigger “prize” for regulators seeking to allay concerns that medicines and foods are unsafe.
The U.K. drugmaker is being probed for alleged bribery, while Danone, along with Nestle SA’s Wyeth brand, Mead Johnson Nutrition Co. and Abbott Laboratories, are under investigation for pricing that may have violated anti-monopoly laws.