This paper will use recent Foreign Corrupt Practices Act (FCPA) enforcement actions to argue that a revamped and increased enforcement of the FCPA’s anti-bribery provisions in the pharmaceutical industry will be an absolutely critical task in 2017 and beyond, as there is much work to be done in cleaning up the industry. The paper will begin by outlining a brief history of the FCPA and examining its basic enforcement provisions. It will then examine the nature of the pharmaceutical industry’s bribery through a detailed analysis of several recent high profile enforcement cases within the industry. Lastly, the paper will propose several policy prescriptions as to what changes might be made to the current FCPA enforcement regime in order to continue eradicating bribery within Big Pharma.
Response or Comment
John T. Jessee Jr., Comment,“Pay to Prescribe”: A Case for Strengthened Enforced of the FCPA in the Global Pharmaceutical Industry in 2017 and Beyond, 16 Rich. J. Global L. & Bus. 81 (2017).